Maxima Machineries, Inc. v. Commissioner of Internal Revenue

FIRST DIVISION [C.T.A. CASE NO. 9838. October 6, 2020.] MAXIMA MACHINERIES, INC. , petitioner , vs . COMMISSIONER OF INTERNAL REVENUE , respondent . DECISION DEL ROSARIO , P.J p : This is a Petition for Review filed by petitioner Maxima Machineries, Inc. on May 18, 2018 praying that the Court render judgment ordering respondent to refund or issue a tax credit certificate in favor of petitioner in the amount of Thirty Two Million One Hundred Thirty Nine Thousand Seven Hundred Seventy Six Pesos and 94/100 (P32,139,776.94), representing its excess and unutilized input value added tax (VAT) allegedly attributable to its zero-rated transactions as declared in its quarterly VAT Returns for the 3rd and 4th quarters of fiscal year (FY) ending March 31, 2016. TAIaHE THE PARTIES Petitioner Maxima Machineries, Inc. is a domestic corporation duly organized under and by virtue of the laws of the Philippines with principal business address at No. 908 Quezon Avenue corner Dr. Garcia Paligsahan, Quezon City. 1 It is registered with the Bureau of Internal Revenue (BIR) as a VAT taxpayer with Tax Identification No. (TIN) 006-618-023-000. 2 Pursuant to petitioner's Amended Articles of Incorporation, the purposes for which it was formed are to buy, sell, barter, trade, lease out, manufacture, import, export or otherwise acquire, dispose of, and deal with any kind of goods, wares, and merchandise such as spare parts or replacement parts and/or complete assemblies of agricultural, industrial, or commercial machineries, automobiles, buses, trucks, tractors or other motor vehicles and/or related machineries and equipment of every kind and description and to carry on such business as manufacturers, wholesalers, retailers, importers and exporters except the manufacture of food, drugs and cosmetics. 3 Respondent Commissioner of Internal Revenue (CIR) is empowered to perform the duties of his office, as well as the power to approve claims for refund or tax credit certificates as provided by laws and their implementing regulations. His office is located at BIR National Office Bldg., BIR Road, Diliman, Quezon City. 4 THE FACTS On December 29, 2017, petitioner filed with the BIR its quarterly VAT Returns for the periods covering October 1, 2016 to December 31, 2016 (3rd quarter of FY ending March 31, 2017) 5 and January 1, 2017 to March 31, 2017 (4th quarter of FY ending March 31, 2017). 6 On December 31, 2017, petitioner filed with the BIR its administrative claims for the issuance of a tax credit certificate (TCC) of P13,838,236.48 for the 3rd quarter of FY ending March 31, 2017 and P18,301,540.46 for the 4th quarter of FY ending March 31, 2017, or in the total amount of P32,139,776.94. On April 20, 2018, petitioner received the denial of its administrative claims for refund issued by the BIR's OIC-Assistant Commissioner for Large Taxpayers Service, Teresita M. Dizon. 7 On account of respondent's denial of petitioner's administrative claims for refund or issuance of TCC, the present Petition for Review was filed on May 18, 2018. On August 23, 2018, respondent filed his Answer, 8 with the following Special and Affirmative Defenses: i. The present judicial claim should be denied for petitioner's failure to substantiate the claim for refund at the administrative level; ii. The CIR is correct in denying petitioner's claims for refund as petitioner failed to comply with the requirements provided under the laws and implementing rules and regulations that pertain to zero-rated transactions and input VAT from importation; iii. Petitioner has the burden of proving that it was able to substantiate its claims to be entitled to the refund being prayed for; iv. Petitioner must prove that it has submitted complete documents to substantiate its administrative claims for refund; v. The claimant has the burden of proof to establish the factual basis of the claim for tax credit or refund; and, vi. Partaking of the nature of exemptions, claims for refund are strictly construed against the claimant and cannot be allowed unless granted in the most explicit and categorical language. On November 29, 2018, petitioner and respondent filed their respective Pre-Trial Briefs. 9 The Pre-Trial Conference was held on December 6, 2018. 10 The parties filed their Joint Stipulation of Facts and Issues 11 on December 19, 2018. The Pre-Trial Order 12 was issued on March 4, 2019. The Court also terminated the Pre-Trial in the same Order. During trial, petitioner presented testimonial and documentary evidence. Petitioner's formally offered exhibits, as contained in its Formal Offer of Evidence, 13 were admitted in the Resolution dated June 11, 2019, 14 except for Exhibits "P-6", "P-7", "P-8", "P-9", "P-10", "P-11", and "P-12" for failure to present the original documents for comparison. ICHDca Respondent, on his part, also presented documentary and testimonial evidence. Respondent's formally offered exhibits, as contained in his Formal Offer of Evidence on June 20, 2019, 15 were admitted by the Court in the October 2, 2019 Resolution. 16 Considering the filing of the petitioner's Memorandum 17 on November 19, 2019 and respondent's Memorandum 18 on November 15, 2019, the case was submitted for decision on December 4, 2019. 19 THE ISSUES 20 The issues for consideration of the Court, as stipulated by the parties, are as follows: A. Whether or not petitioner is entitled to tax refund of its excess unutilized input VAT allocable and directly attributable to its VAT zero-rated sales for the period from 01 October 2015 to 31 March 2016 amounting to Thirty-Two Million One Hundred Thirty-Nine Thousand Seven Hundred Seventy Six Pesos and 94/100 (Php32,139,776.94); and, B. Whether the decision of the CIR denying the claims for refund is correct based on the documents submitted at the administrative level. THE COURT'S RULING Petitioner cites Section 112 (A) and (C) of the National Internal Revenue Code (NIRC) of 1997, as amended, as its basis in claiming for the refund or issuance of TCC of its excess and unutilized input VAT which are attributable to its zero-rated sales, viz. : "SEC. 112. Refunds or Tax Credits of Input Tax . (A) Zero-Rated or Effectively Zero-Rated Sales . Any VAT registered person, whose sales are zero-rated or effectively zero-rated may, within two (2) years after the close of the taxable quarter when the sales were made, apply for the issuance of a tax credit certificate or refund of creditable input tax due or paid attributable to such sales, except transitional input tax, to the extent that such input tax has not been applied against output tax: Provided, however , That in the case of zero-rated sales under Section 106(A)(2)(a)(1), (2) and (b) and Section 108(8)(1) and (2), the acceptable foreign currency exchange proceeds thereof had been duly accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP): Provided, further , That where the taxpayer is engaged in zero-rated or effectively zero-rated sale and also in taxable or exempt sale of goods of properties or services, and the amount of creditable input tax due or paid cannot be directly and entirely attributed to any one of the transactions, it shall be allocated proportionately on the basis of the volume of sales: Provided, finally , That for a person making sales that are zero-rated under Section 108(8)(6), the input taxes shall be allocated ratably between his zero-rated and non-zero-rated sales. xxx xxx xxx (C) Period within which Refund or Tax Credit of Input Taxes shall be Made . In proper cases, the Commissioner shall grant a refund or issue the tax credit certificate for creditable input taxes within one hundred twenty (120) days from the date of submission of complete documents in support of the application filed in accordance with Subsection (A) hereof. In case of full or partial denial of the claim for tax refund or tax credit, or the failure on the part of the Commissioner to act on the application within the period prescribed above, the taxpayer affected may, within thirty (30) days from the receipt of the decision denying the claim or after the expiration of the one hundred twenty day-period, appeal the decision or the unacted claim with the Court of Tax Appeals." Pursuant thereto, in order to be entitled to a refund or tax credit of unutilized input VAT attributable to zero-rated or effectively zero-rated sales, it is imperative upon the claimant to prove the following: 1. that the taxpayer is VAT-registered; 2. that the claim for refund was filed within the prescriptive period both in the administrative and judicial levels; 3. that there must be zero-rated or effectively zero-rated sales; 4. that input VAT were incurred or paid; cDHAES 5. that the input VAT due or paid were attributable to zero-rated sales or effectively zero-rated sales; and, 6. that the input VAT were not applied against any output VAT liability. First Requisite: Petitioner is a VAT-registered entity. Petitioner has proven its compliance with the first requisite through its BIR Certificate of Registration 21 which shows that it is a VAT-registered taxpayer with TIN No. 006-618-023-000. Second Requisite: Petitioner timely filed its administrative and judicial claims. As mandated under Section 112 (A) of the NIRC of 1997, as amended, the administrative claim for refund or the issuance of a TCC of input VAT must be filed with the BIR within two (2) years after the close of the taxable quarter when the zero-rated or effectively zero-rated sales were made. Petitioner's claims involve the application for refund or issuance of TCC of input VAT attributable to zero-rated sales for the periods of October to December 2015, and January to March 2016. Thus, the end of the two-year period to file the administrative claims are as follows: Quarter Close of the Taxable Quarter when Sales were Made Last day to file Administrative Claim Date when Administrative Claims were filed 3rd (October to December 2015) December 31, 2015 December 31, 2017 December 29, 2017 4th (January to March 2016) March 31, 2016 March 31, 2018 Based on the foregoing, petitioner's filing of its administrative claims on December 29, 2017 was well within the two (2)-year prescriptive period under Section 112 (A) of the NIRC of 1997, as amended. As for the timeliness of petitioner's judicial claim, the relevant dates are illustrated below: Quarter Date of Filing of Administrative Claim Last day of 120 days Receipt of BIR's Decision Last day to file Judicial Claim Date when Petition for Review was filed 3rd (October to December 2015) December 29, 2017 April 28, 2018 April 20, 2018 May 20, 2018 May 18, 2018 4th (January to March 2016) Based on the above table, counting one-hundred twenty (120) days from December 29, 2017, respondent had until April 28, 2018 within which to act on petitioner's administrative claims for refund or issuance of TCC. In the present case, respondent issued a decision denying petitioner's administrative claims for refund or issuance of TCC which was received by petitioner on April 20, 2018. Counting thirty (30) days therefrom, petitioner had until May 20, 2018 within which to elevate to this Court the CIR's denial of its administrative claims. The filing of the Petition for Review on May 18, 2018 was well within the reglementary period provided by Section 112 (A) of the NIRC of 1997, as amended. TCAScE Third Requisite: Petitioner is engaged in zero-rated or effectively zero-rated sales Sale of Goods and Services to Entities Registered with PEZA, SMBA, CDA, CEZA, CDC, and BOI Petitioner posits that its sales of goods and services to entities registered with the Philippine Economic Zone Authority (PEZA), Subic Bay Metropolitan Authority (SBMA), Clark Development Authority (CDA), Cagayan Economic Zone Authority (CEZA), Clark Development Corporation (CDC) and Board of Investments (BOI) during the period covering April 1, 2013 to June 30, 2013 are subject to zero percent (0%) VAT, pursuant to Sections 106 (A) (2) (a) (3), (5) and (c) and 108 (B) (3) of the NIRC of 1997, as amended. The pertinent provisions of Sections 106 (A) (2) (a) (3), (5) and (c) and 108 (B) (3) of the NIRC of 1997, as amended, state: " SEC. 106. Value-Added Tax on Sale of Goods or Properties . (A) Rate and Base of Tax x x x xxx xxx xxx (2) The following sales by VAT-registered persons shall be subject to zero percent (0%) rate: (a) Export Sales. The term 'export sales' means: xxx xxx xxx (1) Sale of raw materials or packaging materials to export oriented enterprise whose export sales exceed seventy percent (70%) of total annual production; xxx xxx xxx (5) Those considered export sales under Executive Order No. 226, otherwise known as the Omnibus Investment Code of 1987, and other special laws. xxx xxx xxx (c) Sales to persons or entities whose exemption under special laws or international agreements to which the Philippines is a signatory effectively subjects such sales to zero rate." " SEC. 108. Value-Added Tax on Sale of Services and Use or Lease of Properties . (A) Rate and Base of Tax. xxx xxx xxx (B) Transactions Subject to Zero Percent (0%) Rate . The following services performed in the Philippines by VAT-registered persons shall be subject to zero percent (0%) rate: xxx xxx xxx 3) Services rendered to persons or entities whose exemption under special laws or international agreements to which the Philippines is a signatory effectively subjects the supply of such services to zero percent (0%) rate;" Relative thereto, Sections 4.106-5 and 4.108-5 of Revenue Regulations (RR) No. 16-2005, as amended by RR No. 04-07, also provide: " SEC. 4.106-5. Zero-Rated Sales of Goods or Properties. x x x The following sales by VAT-registered persons shall be subject to zero percent (0%) rate: (a) Export sales. 'Export Sales' shall mean: xxx xxx xxx (5) Transactions considered export sales under Executive Order No. 226, otherwise known as the Omnibus Investments Code of 1987, and other special laws. ASEcHI 'Considered export sales under Executive Order No. 226' shall mean the Philippine port F.O.B. value determined from invoices, bills of lading, inward letters of credit, landing certificates, and other commercial documents, of export products exported directly by a registered export producer, or the net selling price of export products sold by a registered export producer to another export producer, or to an export trader that subsequently exports the same; Provided, That sales of export products to another producer or to an export trader shall only be deemed export sales when actually exported by the latter, as evidenced by landing certificates or similar commercial documents; Provided , further, That pursuant to EO 226 and other special laws , even without actual exportation, the following shall be considered constructively exported: (1) sales to bonded manufacturing warehouses of export-oriented manufacturers; (2) sales to export processing zones pursuant to Republic Act (RA) Nos. 7916, as amended, 7903, 7922 and other similar export processing zones; (3) sale to enterprises duly registered and accredited with the Subic Bay Metropolitan Authority pursuant to RA 7227; (4) sales to registered export traders operating bonded trading warehouses supplying raw materials in the manufacture of export products under guidelines to be set by the Board in consultation with the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC); (5) sales to diplomatic missions and other agencies and/or instrumentalities granted tax immunities, of locally manufactured, assembled or repacked products whether paid for in foreign currency or not. For purposes of zero-rating, the export sales of registered export traders shall include commission income. The exportation of goods on consignment shall not be deemed export sales until the export products consigned are in fact sold by the consignee: and Provided , finally, that sales of goods, properties or services made by a VAT-registered supplier to a BOI-registered manufacturer I producer whose products are 100% exported are considered export sales. A certification to this effect must be issued by the Board of Investment (BOI) which shall be good for one year unless subsequently re-issued by the BOI. xxx xxx xxx (c) Sales to Persons or Entities Deemed Tax-exempt under Special Law or International Agreement. Sales of goods or property to persons or entities who are tax-exempt under special laws, e.g. , sales to enterprises duly registered and accredited with the Subic Bay Metropolitan Authority (SBMA) pursuant to R.A. No. 7227, sales to enterprises duly registered and accredited with the Philippine Economic Zone Authority (PEZA) or international agreements to which the Philippines is signatory, such as, Asian Development Bank (ADB), International Rice Research Institute (IRRI), etc., shall be effectively subject to VAT at zero-rate." " SEC. 4.108-5. Zero-Rated Sale of Services . xxx xxx xxx (b) Transactions Subject to Zero Percent (0%) VAT Rate. The following services performed in the Philippines by a VAT-registered person shall be subject to zero percent (0%) VAT rate: xxx xxx xxx (3) Services rendered to persons or entities whose exemption under special laws or international agreements to which the Philippines is a signatory effectively subjects the supply of such services to zero percent (0%) rate;" Further, the special laws applicable to this case are Republic Act (RA) No. 7227, as amended by RA No. 9400, otherwise known as "Bases Conversion and Development Act of 1992," RA No. 7916, as amended, otherwise known as "The Special Economic Zone Act of 1995," and RA No. 7922, otherwise known as "Cagayan Special Economic Zone Act of 1995." The relevant portions of said laws are quoted hereunder: cTDaEH "REPUBLIC ACT NO. 9400 AN ACT AMENDING REPUBLIC ACT NO. 7227, AS AMENDED, OTHERWISE KNOWN AS THE BASES CONVERSION AND DEVELOPMENT ACT OF 1992, AND FOR OTHER PURPOSES SECTION 1. Section 12 of Republic Act No. 7227, as amended, otherwise known as the Bases Conversion and Development Act of 1992, is hereby amended to read as follows: 'SEC. 12. Subic Special Economic Zone. x x x xxx xxx xxx (b) The Subic Special Economic Zone shall be operated and managed as a separate customs territory ensuring free flow or movement of goods and capital within, into and exported out of the Subic Special Economic Zone, as well as provide incentives such as tax and duty-free importations of raw materials, capital and equipment. x x x (c) The provision of existing laws, rules and regulations to the contrary notwithstanding, no national and local taxes shall be imposed within the Subic Special Economic Zone. x x x' xxx xxx xxx SEC. 2. Section 15 of the Republic Act No. 7227, as amended, is hereby amended to read as follows: 'SEC. 15. Clark Special Economic Zone (CSEZ) and Clark Freeport Zone (CFZ). x x x. The CFZ shall be operated and managed as a separate customs territory ensuring free flow or movement of goods and capital equipment within, into and exported out of the CFZ, as well as provide incentives such as tax and duty-free importation of raw materials and capital equipment. x x x The provisions of existing laws, rules and regulations to the contrary notwithstanding, no national and local taxes shall be imposed on registered business enterprises within the CFZ. x x x xxx xxx xxx Duly registered business enterprises that will operate in the Special Economic Zones to be created shall be entitled to the same tax and duty incentives as provided for under Republic Act No. 7916, as amended: Provided, That for the purpose of administering these incentives, the PEZA shall register, regulate, and supervise all registered enterprises within the Special Economic Zones." "REPUBLIC ACT NO. 7916 (as amended by Republic Act No. 8748) AN ACT PROVIDING FOR THE LEGAL FRAMEWORK AND MECHANISMS FOR THE CREATION, OPERATION, ADMINISTRATION, AND COORDINATION OF SPECIAL ECONOMIC ZONES IN THE PHILIPPINES, CREATING FOR THIS PURPOSE, THE PHILIPPINE ECONOMIC ZONE AUTHORITY (PEZA) AND FOR OTHER PURPOSES. xxx xxx xxx SECTION 8. ECOZONE to be Operated and Managed as Separate Customs Territory. The ECOZONE shall be managed and operated by the PEZA as separate customs territory. The PEZA is hereby vested with the authority to issue certificates of origin for products manufactured or processed in each ECOZONE in accordance with the prevailing rules of origin, and the pertinent regulations of the Department of Trade and Industry and/or the Department of Finance. xxx xxx xxx SECTION 24. Exemption from National and Local Taxes. Except for real property taxes on land owned by developers, no taxes, local and national, shall be imposed on business establishments operating within the ECOZONE. x x x" "REPUBLIC ACT NO. 7922 AN ACT ESTABLISHING A SPECIAL ECONOMIC ZONE AND FREE PORT IN THE MUNICIPALITY OF SANTA ANA AND THE NEIGHBORING ISLANDS IN THE MUNICIPALITY OF APARRI, PROVINCE OF CAGAYAN, PROVIDING FUNDS THEREFOR, AND FOR OTHER PURPOSES SECTION 1. Short Title. This Act shall be known as the 'Cagayan Special Economic Zone Act of 1995.' xxx xxx xxx SEC. 4. Governing Principles. The Cagayan Special Economic Zone shall be managed and operated under the following principles: xxx xxx xxx (b) Business establishments operating within the Zone shall be entitled to the existing fiscal incentives as provided for under Presidential Decree No. 66, the law creating the Export Processing Zone Authority (EPZA), or those provided under Book VI of Executive Order No. 226, otherwise known as the Omnibus Investment Code of 1987; (c) Any provision of existing law, rules or regulations to the contrary notwithstanding, no taxes, local and national, shall be imposed on business establishments operating within the Zone. x x x" Since an Ecozone is treated as a foreign territory by legal fiction, sales of goods and services made by a VAT-registered person in the Philippine customs territory to an entity registered and operating within an Ecozone are considered exports to a foreign country subject to 0% VAT. This was elucidated by the Supreme Court in the case of Commissioner of Internal Revenue vs. Toshiba Information Equipment (Phils.), Inc. , 22 to wit: "This Court agrees, however, that PEZA-registered enterprises, which would necessarily be located within ECOZONES, are VAT-exempt entities, not because of Section 24 of Rep. Act No. 7916, as amended, which imposes the five percent (5%) preferential tax rate on gross income of PEZA-registered enterprises, in lieu of all taxes; but, rather, because of Section 8 of the same statute which establishes the fiction that ECOZONES are foreign territory. x x x An ECOZONE or a Special Economic Zone has been described as . . . [S]elected areas with highly developed or which have the potential to be developed into agroindustrial, industrial, tourist, recreational, commercial, banking, investment and financial centers whose metes and bounds are fixed or delimited by Presidential Proclamations. An ECOZONE may contain any or all of the following: industrial estates (IEs), export processing zones (EPZs), free trade zones and tourist/recreational centers. The national territory of the Philippines outside of the proclaimed borders of the ECOZONE shall be referred to as the Customs Territory. Section 8 of Rep. Act No. 7916, as amended, mandates that the PEZA shall manage and operate the ECOZONES as a separate customs territory; thus, creating the fiction that the ECOZONE is a foreign territory. As a result, sales made by a supplier in the Customs Territory to a purchaser in the ECOZONE shall be treated as an exportation from the Customs Territory. Conversely, sales made by a supplier from the ECOZONE to a purchaser in the Customs Territory shall be considered as an importation into the Customs Territory. Given the preceding discussion, what would be the VAT implication of sales made by a supplier from the Customs Territory to an ECOZONE enterprise? The Philippine VAT system adheres to the Cross Border Doctrine, according to which, no VAT shall be imposed to form part of the cost of goods destined for consumption outside of the territorial border of the taxing authority. Hence, actual export of goods and services from the Philippines to a foreign country must be free of VAT; while, those destined for use or consumption within the Philippines shall be imposed with ten percent (10%) VAT." Sales of goods and services by a VAT-registered taxpayer, such as petitioner, to entities located in the Ecozones, as well as, to BOI-registered entities whose products are 100% exported are considered "export sales" subject to 0% VAT rate pursuant to Sections 106 (A) (2) (a) (3), (5) and (c) and 108 (8) (3) of the NIRC of 1997, as amended, and as implemented by Sections 4.106-5 and 4.108-5 of RR No. 16-05, as amended. To prove that its clients are duly registered with PEZA, SBMA, CDC, CEZA and BOI, petitioner submitted various Certifications issued by said agencies. Petitioner also presented the Letter 23 dated April 3, 2018 issued by PEZA Director General, Charito B. Plaza, stating that PEZA has issued VAT-zero rating certifications to the enterprises listed by petitioner as its clients, and that they are qualified enterprises for the purpose of VAT zero-rating of their transactions with its local suppliers of goods, properties, and services. cSaATC Meanwhile, Section 3 (3) of Revenue Memorandum Order No. 9-2000, dated February 2, 2000, requires a BOI certification attesting that the products of the BOI-registered manufacturer/producer are 100% exported to be able to avail of automatic zero-rating. Hence, in order for sales to BOI registered manufacturer/producer whose products are 100% exported to be considered as export sales, a certification to this effect must be issued by the BOI which shall be good for one (1) year unless subsequently re-issued by the BOI. In the present case, petitioner offered in evidence a Certification dated April 27, 2018 signed by the BOI OIC-Executive Director, Atty. Marjorie O. Ramos-Samaniego, on June 7, 2016, 24 confirming the BOI's issuance of VAT zero-rating certifications to certain clients of petitioner and attesting that they are qualified for VAT zero-rated transactions. Upon review of the evidence offered by both petitioner and respondent, the Court finds that the following clients of petitioner are registered with PEZA, SBMA, CDC, and CEZA, including the Freeport Area of Bataan (FAB), 25 and with the BOI as manufacturer/producer whose products are 100% exported, viz. : Clients Certifying Body Proof of VAT Zero-rating Exhibit Certification Period ADNAMA MINING RESOURCES BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-113; Certificate No. 2016-020 P-5; BIR Records pp. 383-384, 322-323 5/7/15-12/31/15 3/14/16-12/31/16 BERONG NICKEL CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-083; Certificate No. 2016-013 P-5; BIR Records pp. 380-381, 319-320 2/5/15-12/31/15 1/1/16-12/31/16 BIGLIFT PROPERTIES & DEVELOPMENT CORPORATION SBMA Certificate of Tax Exemption P-97-y 3/31/15-3/30/16 CAGDIANAO MINING CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-014; Certificate No. 2016-003 P-5; BIR Records pp. 376-377, 316-317 1/1/15-12/31/15 1/1/16-12/31/16 CARMEN COPPER CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-049; Certificate No. 2016-008 P-5; BIR Records pp. 373-374, 314-313 1/1/15-12/31/15 1/1/16-12/31/16 CENTURY PEAK CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-088 P-5; BIR Records pp. 371-372 2/11/16-12/31/16 CITINICKEL MINES AND DEVELOPMENT CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2016-022 P-5; BIR Records pp. 307-308 4/11/16-12/31/16 CORAL BAY NICKEL CORPORATION (CBNC) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-1214; Certificate No. 2016-0856 P-4; BIR Records pp. 370, 306 2015, 2016 CTP CONSTRUCTION AND MINING EAGLE SKY TECHNOLOGY AMUSEMENT AND GAMING, INC., (Formerly: EAGLESKY TECHNOLOGY CO., INC.) BOI CDC Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-103 Certificate of Registration and Tax Exemption P-5; BIR Records pp. 367-368 P-97-ai 3/11/15-12/31/15 3/15/13-3/14/16 EARTH & SHORE TOURISM LANDHOLDINGS CORP. FAB Certification P-97-ak 2016 FASTECH PROPERTIES, INC. (FPI) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-2304 P-4; BIR Records p. 365 2015, 2016 FCF MINERALS CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-016; Certificate No. 2016-011 P-5; BIR Records pp. 362-363, 301-302 1/1/15-12/31/15 1/1/16-12/31/16 GS EAST ASIA MANILA, INC. (GEAMI) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-1661 P-4; BIR Records p. 361 2015, 2016 HINATUAN MINING CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-039; Certificate No. 2016-002 P-5; BIR Records pp. 358-359, 299-300 1/1/15-12/31/15 1/1/16-12/31/16 HOUSE TECHNOLOGY INDUSTRIES PTE., LTD., (HTIPL) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-0115; Certificate No. 2016-0469 P-4; BIR Records pp. 357, 298 2015, 2016 HYS-YACHT PHILS., LTD. CO., INC. SBMA Certification of Registration and Tax Exemption P-97-aa 7/15/15-7/14/16 JAMJLE PROPERTIES (SUBIC) AND DEVELOPMENT CORPORATION (formerly: Jamjle Equipments and Gen. Merchandise, Inc.) SBMA Certificate of Tax Exemption P-97-ab; P-97-ac 11/27/14-11/26/15 and 11/27/15-11/26/16 MAJESTIC LANDSCAPE CORPORATION (MLC) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-0130 P-4; BIR Records p. 352 2015, 2016 MAPAN-IKWA TRADING, INC. SBMA Certificate of Tax Exemption P-97-ad; P-97-ae 12/10/14-12/09/15 and 12/10/15-12/09/16 MARCVENTURES MINING AND DEVELOPMENT CORP. BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2016-018 P-5; BIR Records pp. 358-359 2/16/16-12/31/16 METRO CLARK WASTE MANAGEMENT CORPORATION CDC Certificate of Registration and Tax Exemption P-97-aj 3/15/16-3/14/19 PHIL. BATTERIES INCORPORATED (PBI) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-1125; P-4; BIR Records p. 345 2015, 2016 PHILIPPINE ASSOCIATED SMELTING & REFINING CORP. PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-0331; Certificate No. 2016-0153 P-4; BIR Records pp. 349, 290 2015, 2016 PHILIPPINE GOLD PROCESSING AND REFINING CORP. BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-034; Certificate No. 2016-009 P-5; BIR Records pp. 347-346, 287-288 1/1/15-12/31/15 1/1/16-12/31/16 PLATINUM GROUP METALS CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-085; Certificate No. 2016-011 P-5; BIR Records pp. 342-344, 285-286 2/6/15-12/31/15 2/9/16-12/31/16 RIO TUBA NICKEL AND MINING CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-035; Certificate No. 2016-007 P-5; BIR Records pp. 338-339, 282-283 4/1/15-12/31/15 1/1/16-12/31/16 SCAD SERVICES (S) PTE., LTD. (PHIL. BRANCH) (SSPL) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-0070; Certificate No. 2016-0054 P-4; BIR Records pp. 337, 281 2015, 2016 SHINDENGEN PHILIPPINES CORPORATION (SPC) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-0106 P-4; BIR Records p. 336 2015, 2016 SUBIC CONSOLIDATED PROJECTS, INC. SBMA Certificate of Tax Exemption P-97-ag 1/04/15-1/03/16 TAGANITO HPAL NICKEL CORPORATION (THPAL) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-0414; Certificate No. 2016-0534 P-4; BIR Records pp. 333, 276 2015, 2016 TAGANITO MINING CORPORATION BOI Confirmation letter from BOI dated April 27, 2018; Certificate No. 2015-009-A; Certificate No. 2015-110 P-5; BIR Records pp. 330-331, 273-274 1/1/15-12/31/15 1/1/15-12/31/16 TECHNOCLEAN PHILIPPINES, INC. (TPI) PEZA PEZA Certificate No. 2016-1425 P-97-t 2016 TRANSCOM WORLDWIDE (PHILIPPINES), INC. PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-1855 P-4; BIR Records p. 329 2015, 2016 UNICHAMP MINERAL PHILIPPINES, INC. (UMPI) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-0137; Certificate No. 2016-0951 P-4; BIR Records pp. 328, 271 2015, 2016 VISAYAS SLAKED LIME CORPORATION (VSLC) PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-1583; Certificate No. 2016-1519 P-4; BIR Records pp. 327, 270 2015, 2016 WU KONG SINGAPORE PTE., LTD. PEZA Confirmation letter from PEZA dated April 3, 2018; Certificate No. 2015-0079; Certificate No. 2016-0058 P-4; BIR Records pp. 326, 268 2015, 2016 Sale of Services to Non-resident Foreign Corporations (NRFCs) Petitioner alleges that out of its zero-rated sales aggregating in the amount of P742,641,360.36 for the 3rd and 4th quarters of FY ending March 31, 2016, P114,403,793.16 pertains to sale of services to NRFCs. Under an "indent arrangement," three (3) NRFCs had designated petitioner to be their agent in the Philippines to deal with former's local customers. Petitioner then arranged for the placing of orders of the local customers to these NRFC suppliers. For acting as an agent, petitioner earned indent commissions on all orders placed with the NRFC suppliers. 26 More particularly, petitioner earned a total peso equivalent of P114,403,793.16 from the following clients: CHTAIc Customers 3rd Quarter 4th Quarter Total Marubeni Corporation P66,920,636.01 P40,768,097.86 P107,688,733.87 Hyundai Corporation - 868,773.11 868,773.11 Daewoo International Corporation 5,846,286.18 - 5,846,286.18 Total P72,766,922.19 P41,636,870.97 P114,403,793.16 Section 108 (B) (2) of the NIRC of 1997, as amended, provides: "SEC. 108. Value-Added Tax on Sale of Services and Use or Lease of Properties . (A) x x x (B) Transactions Subject to Zero Percent (0%) Rate . The following services performed in the Philippines by VAT-registered persons shall be subject to zero percent (0%) rate: (1) Processing, manufacturing or repacking goods for other persons doing business outside the Philippines which goods are subsequently exported, where the services are paid for in acceptable foreign currency and accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP); (2) Services other than those mentioned in the preceding paragraph rendered to a person engaged in business conducted outside the Philippines or to a non-resident person not engaged in business who is outside the Philippines when the services are performed, the consideration for which is paid for in acceptable foreign currency and accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP) ;" ( Boldfacing supplied ) Based on the foregoing provision, certain essential elements must be present for a sale or supply of services to be subject to the VAT rate of zero percent (0%) under Section 108 (B) (2) of the NIRC of 1997, as amended, to wit: 1. The recipient of the services is a foreign corporation, and the said corporation is doing business outside the Philippines, or is a non-resident person not engaged in business who is outside the Philippines when the services were performed; 27 2. The payment for such services were made in acceptable foreign currency accounted for in accordance with the BSP rules; 28 3. The services fall under any of the categories under Section 108 (B) (2), 29 or simply, the services rendered should be other than "processing, manufacturing or repacking goods"; 30 and, 4. The services must be performed in the Philippines by a VAT-registered person. To be considered as a non-resident foreign corporation doing business outside the Philippines, each entity must be supported at the very least by both: (1) SEC Certification of Non-Registration of Corporation/Partnership; AND (2) Proof of Certificate/Articles of Foreign Incorporation/Association or printed screenshots of the US Securities and Exchange Commission (SEC) Website showing the state/province/country where the entity was organized. 31 For its alleged sale to Marubeni Corporation, petitioner submitted a SEC Certification of Non-Registration of Company 32 and the duly-authenticated Articles of Incorporation of Marubeni Corporation. 33 In its Petition for Review, 34 petitioner indicated the corporate name "Marubeni Corporation-Japan" as one of those alleged NRFCs it rendered services to. Perusal of supporting documents such as official receipts, 35 bank certificates of inward remittance, 36 and even the duly-authenticated Articles of Incorporation, however, reveals that petitioner had transacted with "Marubeni Corporation" and not "Marubeni Corporation-Japan." As stated in the SEC Certification of Non-Registration of Company submitted in evidence by petitioner, there exists a company name "Marubeni Corporation" registered with the SEC. Thus, it cannot be said that Marubeni Corporation is an NRFC. Accordingly, petitioner's sales to Marubeni Corporation shall not be considered as zero-rated sales. cHDAIS With respect to the export sale to Daewoo International Corporation, petitioner submitted an SEC Certification of Non-Registration of Company. 37 Petitioner, however, did not offer in evidence any proof of incorporation/registration in a foreign country, such as Certificate/Articles of Foreign Incorporation/Association or printed screenshots of the US SEC Website. Thus, as correctly disallowed by the Court-commissioned Independent Certified Public Accountant (ICPA), the sales to Daewoo International Corporation cannot be considered as zero-rated sales. 38 As for the alleged export sale of service to Hyundai Corporation, petitioner was able to present both the SEC Certification of Non-Registration of Company 39 and the duly authenticated Articles of Incorporation of Hyundai Corporation. 40 Petitioner likewise submitted a Certification dated December 28, 2017 showing the inward remittances made by Hyundai Corporation in favor of petitioner. 41 Petitioner, however, failed to offer any evidence to prove the kind of services it rendered to Hyundai Corporation that would qualify as zero-rated sales under Section 108 (B) (2) of the NIRC of 1997, as amended. Other than the allegation that it rendered services for which it received indent commissions, no proof of any contract or service agreement was adduced by petitioner. Hence, the Court is unable to verify whether any service other than "processing, manufacturing or repacking of goods" was rendered by petitioner. In view of the foregoing, the Court adopts the findings of the ICPA that the VAT zero-rated sales to Daewoo International Corporation in the amount of P5,846,286.16 should be disallowed; and in addition thereto, the sales of service to Marubeni Corporation and Hyundai Corporation in the total amount of P108,557,506.98 should also be disallowed, as follows: Customers 3rd Quarter 4th Quarter Total Marubeni Corporation P66,920,636.01 P40,768,097.86 P107,688,733.87 Hyundai Corporation - 868,773.11 868,773.11 Total P66,920,636.01 P41,636,870.97 P108,557,506.98 Disallowed Zero-rated Sales In its 3rd and 4th quarterly VAT Returns 42 for FY ending March 31, 2016, petitioner reported total sales of P2,740,186,115.69 which included zero-rated sales in the amount of P742,641,360.36, broken down as follows: Sales Reported per Quarterly VAT Returns 3rd Quarter 4th Quarter Total VATable Sales P971,182,118.47 P1,016,822,856.25 P1,988,004,974.72 Sales to Government 2,491,611.11 7,048,169.50 9,539,780.61 Zero-rated Sales 396,978,672.96 345,662,687.40 742,641,360.36 Total Reported Sales per Quarterly VAT Returns P1,370,652,402.54 P1,369,533,713.15 P2,740,186,115.69 The Court shall examine whether the zero-rated sales of petitioner complied with the invoicing requirements under Section 113 (A) (1) and (2), (8) (1), (2) (c) and (3) of the NIRC of 1997, as amended, viz. : " SEC. 113 . Invoicing and Accounting Requirements for VAT-Registered Persons . (A) Invoicing Requirements. A VAT-registered person shall issue: (1) A VAT invoice for every sale, barter or exchange of goods or properties; and (2) A VAT official receipt for every lease of goods or properties, and for every sale, barter or exchange of services. EATCcI (B) Information Contained in the VAT Invoice or VAT Official Receipt The following information shall be indicated in the VAT invoice or VAT official receipt: (1) A statement that the seller is a VAT-registered person, followed by his Taxpayer's Identification Number (TIN); (2) The total amount which the purchaser pays or is obligated to pay to the seller with the indication that such amount includes the value-added tax: Provided , That: xxx xxx xxx (c) If the sale is subject to zero percent (0%) value-added tax, the term 'zero-rated sale' shall be written or printed prominently on the invoice or receipt; xxx xxx xxx (3) The date of transaction, quantity, unit cost and description of the goods or properties or nature of the service; and" The same requirements are provided for under Section 4.113-1 (A) (1) and (2), (8) (1) and (2) (c) of RR No. 16-2005, as follows: " SEC. 4.113-1. Invoicing Requirements . (A) A VAT-registered person shall issue: (1) A VAT invoice for every sale, barter or exchange of goods or properties; and (2) A VAT official receipt for every lease of goods or properties, and for every sale, barter or exchange of services. Only VAT-registered persons are required to print their TIN followed by the word 'VAT' in their invoice or official receipts. Said documents shall be considered as a 'VAT Invoice' or VAT official receipt. All purchases covered by invoices/receipts other than VAT Invoice/VAT Official Receipt shall not give rise to any input tax. VAT invoice/official receipt shall be prepared at least in duplicate, the original to be given to the buyer and the duplicate to be retained by the seller as part of his accounting records. (B) Information contained in VAT invoice or VAT official receipt. The following information shall be indicated in VAT invoice or VAT official receipt: (1) A statement that the seller is a VAT-registered person, followed by his TIN; (2) The total amount which the purchaser pays or is obligated to pay to the seller with the indication that such amount includes the VAT; Provided, That: xxx xxx xxx (c) If the sale is subject to zero percent (0%) VAT, the term 'zero-rated sale' shall be written or printed prominently on the invoice or receipt;" Zero-rated sales for the 3rd and 4th quarters ending March 31, 2016 in the amount of P143,066,770.58 were noted with exceptions by the ICPA, as follows: 43 Exhibit No. Exceptions 3rd Quarter 4th Quarter P-89 Export sale of services which are properly supported by VAT zero-rated ORs issued to companies with foreign address and with certificates of non-registration with SEC and certificates of bank inward remittance but with no consularized articles of incorporation provided P5,846,286.16 P- P-90 Zero-rated sale of goods which are properly supported by VAT zero-rated invoices/zero-rated sale of services which are properly supported by VAT zero-rated ORs not dated within the quarter but falling within the same taxable year and not reported in VAT returns of other quarters 7,258,991.86 11,285,964.50 P-91 Zero-rated sale of goods which are properly supported by VAT zero-rated invoices/zero-rated sale of services which are properly supported by VAT zero-rated ORs not dated within the quarter and not falling within the same taxable year 218,602.59 - P-92 Zero-rated sale of services supported by documents other than VAT zero-rated ORs 6,244,430.55 5,410,018.04 P-93 Zero-rated sale of goods which are properly supported by VAT zero-rated invoices but without valid VAT zero-rating incentive certificates provided - 27,967,678.41 P-94 Zero-rated sale of goods which are properly supported by VAT zero-rated invoices but without VAT zero-rating stamp - 15,817,753.15 P-95 VATable sales incorrectly tagged as zero-rated sales 76,612.00 - P-96 Without supporting documents presented 56,622,162.88 6,318,270.44 Subtotal 76,267,086.04 P66,799,684.54 Total Zero-rated Sales Disallowed by ICPA P143,066,770.58 The Court finds the observations of the ICPA to be in order and adopts the above findings insofar as the denial of VAT zero-rating in the amount of P143,066,770.58 is concerned. ISHCcT Upon further evaluation, the Court additionally finds that the reported zero-rated sales in the amount of P41,377,407.15 should also be denied VAT zero-rating for petitioner's failure to comply with the invoicing requirements under the NIRC of 1997, as amended, and RR No. 16-2005, as follows: Date Exhibit No. Invoice No. Clients Amount Reason for Disallowance 1) Sale of goods supported by VAT Invoices but with unreadable details 3rd Quarter 10/1/15 P-85-p MLA No. 15080 PHIL. GOLD PROCESSING & REFINING CORP. P43,271.57 Unreadable date, payor details and amounts 10/5/15 P-85-af MLA No. 15260 BERONG NICKEL CORPORATION 208,528.00 Unreadable amounts 10/5/15 P-85-am MLA No. 15083 PHIL. GOLD PROCESSING & REFINING CORP. 48,514.08 Unreadable date and amounts 10/5/15 P-85-an MLA No. 15084 PHIL. GOLD PROCESSING & REFINING CORP. 35,337.06 Unreadable date and amounts 10/6/15 P-85-as MLA No. 15269 BERONG NICKEL CORPORATION 395,800.00 Unreadable date and amounts 10/6/15 P-85-aw CEBU No. 16702 CARMEN COPPER CORP. 285,550.00 Unreadable date 10/6/15 P-85-be MLA No. 15085 PHIL. GOLD PROCESSING & REFINING CORP. 12,756.01 Unreadable date, payor details and amounts 10/6/15 P-85-bn BTN No. 07895 TAGANITO MINING CORP. 8,192.00 Unreadable date 10/6/15 P-85-br BTN No. 08210 TAGANITO MINING CORP. 85,560.00 Unreadable date and amounts 10/6/15 P-85-bt BTN No. 08212 TAGANITO MINING CORP. 256,416.00 Unreadable date and amounts 10/7/15 P-85-bz CEBU No. 16717 CARMEN COPPER CORP. 366,896.00 Unreadable date 10/7/15 P-85-cb CEBU No. 16719 CARMEN COPPER CORP. 214,704.00 Unreadable date 10/7/15 P-85-ce CEBU No. 16722 CARMEN COPPER CORP. 368,240.00 Unreadable date 10/7/15 P-85-ch CEBU No. 16725 CARMEN COPPER CORP. 536,256.00 Unreadable date 10/8/15 P-85-cr MLA No. 15154 BERONG NICKEL CORPORATION 20,320.00 Unreadable date and amounts 10/8/15 P-85-cs MLA No. 15162 BERONG NICKEL CORPORATION 268,928.00 Unreadable amounts 10/8/15 P-85-cv BTN No. 08197-98 CAGDIANAO MINING CORPORATION 358,984.00 Unreadable date 10/8/15 P-85-cy BTN No. 08143 PLATINUM GROUP METALS CORP. 15,424.00 Unreadable ATP details 10/8/15 P-85-cz BTN No. 08217-08221 TAGANITO MINING CORP. 640,760.00 Unreadable date, payor details and amounts 10/8/15 P-85-da BTN No. 08222 TAGANITO MINING CORP. 7,056.00 Unreadable date 10/8/15 P-85-dd BTN No. 08226 TAGANITO MINING CORP. 19,840.00 Unreadable date 10/8/15 P-85-de BTN No. 08227 TAGANITO MINING CORP. 16,512.00 Unreadable date 10/8/15 P-85-df BTN No. 08228-08229 TAGANITO MINING CORP. 99,168.00 Unreadable date, payor details and amounts 10/9/15 P-85-di MLA No. 15169 FCF MINERALS CORPORATION 97,193.58 Unreadable date, payor details and amounts 10/9/15 P-85-dl BTN No. 08182 TAGANITO MINING CORP. 192.00 Unreadable date and amounts 10/9/15 P-85-dm BTN No. 08199 TAGANITO MINING CORP. 12,440.00 Unreadable amounts 10/9/15 P-85-dn BTN No. 8200 TAGANITO MINING CORP. 8,848.00 Unreadable date and amounts 10/12/15 P-85-do MLA No. 15186 BERONG NICKEL CORPORATION 1,441,239.36 Unreadable date and amounts 10/12/15 P-85-du BTN No. 8230 HINATUAN MINING CORPORATION 7,048.00 Unreadable date, payor details and amounts 10/13/15 P-85-ee BTN No. 08266 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 16,040.00 Unreadable date, payor details and amounts 10/13/15 P-85-ef BTN No. 08267 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 45,184.00 Unreadable date, payor details and amounts 10/13/15 P-85-eg MLA No. 15152 RIO TUBA NICKEL MINING CORP. 493,600.00 Unreadable date, payor details and amounts 10/13/15 P-85-el BTN No. 08236 TAGANITO MINING CORP. 26,248.00 Unreadable date 10/14/15 P-85-ep CEBU No. 16740 CARMEN COPPER CORP. 6,144.00 Unreadable date 10/16/15 P-85-fb CEBU No. 16743 CARMEN COPPER CORP. 31,384.00 Unreadable date 10/16/15 P-85-fc CEBU No. 16746 CARMEN COPPER CORP. 37,712.00 Unreadable date 10/16/15 P-85-fs MLA No. 15187 FCF MINERALS CORPORATION 61,385.00 Unreadable date 10/19/15 P-85-gg MLA No. 15201-02 BERONG NICKEL CORPORATION 781,583.08 Unreadable date and amounts 10/19/15 P-85-gm MLA No. 15294 PHIL. GOLD PROCESSING & REFINING CORP. 41,510.69 Unreadable date 10/20/15 P-85-hb BTN No. 08375 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 5,384.00 Unreadable amounts 10/21/15 P-85-ij BTN No. 8383 PLATINUM GROUP METALS CORP. 10,672.00 Unreadable date, payor details and amounts 10/22/15 P-85-it BTN No. 8324 CAGDIANAO MINING CORPORATION 1,584.00 Unreadable date, payor details and amounts 10/22/15 P-85-iz MLA No. 15228-15229 PHIL. GOLD PROCESSING & REFINING CORP. 199,298.89 Unreadable amounts 10/22/15 P-85-ja MLA No. 15230 PHIL. GOLD PROCESSING & REFINING CORP. 101,141.08 Unreadable amounts 10/23/15 P-85-jd MLA No. 15233 FCF MINERALS CORPORATION 26,172.12 Unreadable date 10/26/15 P-85-jh BTN No. 08328 TAGANITO MINING CORP. 25,744.00 Unreadable date, payor details and amounts 10/27/15 P-85-ka MLA No. 15656 FCF MINERALS CORPORATION 10,830.00 Unreadable date 10/28/15 P-85-kh BTN No. 08332 CAGDIANAO MINING CORPORATION 69,808.00 Unreadable date 10/29/15 P-85-ks BTN No. 08335 HINATUAN MINING CORPORATION 67,824.00 Unreadable payor details 10/29/15 P-85-kv MLA No. 15662 RIO TUBA NICKEL MINING CORP. 86,880.00 Unreadable date 10/30/15 P-85-lh BTN No. 08065 TAGANITO MINING CORP. 10,320.00 Unreadable date and amounts 10/30/15 P-85-lm BTN No. 08345 TAGANITO MINING CORP. 27,624.00 Unreadable date, payor details and amounts 10/30/15 P-85-ls BTN No. 08051 TAGANITO MINING CORP. 14,208.00 Unreadable date, payor details and amounts 10/30/15 P-85-lt BTN No. 08052 TAGANITO MINING CORP. 4,136.00 Unreadable payor details and amounts 10/30/15 P-85-lu BTN No. 08053 TAGANITO MINING CORP. 9,048.00 Unreadable payor details and amounts 10/30/15 P-85-lv BTN No. 08054 TAGANITO MINING CORP. 7,424.00 Unreadable payor details and amounts 10/30/15 P-85-lw BTN No. 08055 TAGANITO MINING CORP. 816.00 Unreadable payor details and amounts 10/30/15 P-85-lx BTN No. 08056 TAGANITO MINING CORP. 5,168.00 Unreadable payor details and amounts 10/30/15 P-85-ly BTN No. 08057 TAGANITO MINING CORP. 3,552.00 Unreadable payor details and amounts 10/30/15 P-85-lz BTN No. 08058 TAGANITO MINING CORP. 36,064.00 Unreadable payor details and amounts 10/30/15 P-85-ma BTN No. 08059 TAGANITO MINING CORP. 1,024.00 Unreadable payor details and amounts 10/30/15 P-85-mb BTN No. 08060 TAGANITO MINING CORP. 8,192.00 Unreadable payor details and amounts 10/30/15 P-85-mc BTN No. 08061 TAGANITO MINING CORP. 2,584.00 Unreadable payor details and amounts 10/30/15 P-85-md BTN No. 08062 TAGANITO MINING CORP. 13,296.00 Unreadable payor details and amounts 10/30/15 P-85-me BTN No. 08063 TAGANITO MINING CORP. 4,424.00 Unreadable payor details and amounts 10/30/15 P-85-mf BTN No. 08064 TAGANITO MINING CORP. 14,208.00 Unreadable payor details and amounts 11/2/15 P-85-na CEBU No. 17349 CARMEN COPPER CORP. 263,904.00 Unreadable date, payor details and amounts 11/2/15 P-85-nb CEBU No. 17350 CARMEN COPPER CORP. 285,550.00 Unreadable date, payor details and amounts 11/2/15 P-85-nc CEBU No. 17351 CARMEN COPPER CORP. 120,736.00 Unreadable date, payor details and amounts 11/2/15 P-85-nd CEBU No. 17352 CARMEN COPPER CORP. 340,713.60 Unreadable date, payor details and amounts 11/2/15 P-85-ne CEBU No. 17353 CARMEN COPPER CORP. 35,936.00 Unreadable date, payor details and amounts 11/2/15 P-85-nf CEBU No. 17354 CARMEN COPPER CORP. 36,224.00 Unreadable date, payor details and amounts 11/2/15 P-85-ng BTN No. 08411 PLATINUM GROUP METALS CORP. 66,704.00 Unreadable date 11/2/15 P-85-nh MLA No. 15637 RIO TUBA NICKEL MINING CORP. 230,528.00 Unreadable date and amounts 11/2/15 P-85-ni BTN No. 08066 TAGANITO MINING CORP. 692,568.00 Unreadable date and amounts 11/3/15 P-85-nj BTN No. 08414 ADNAMA MINING RESOURCES, INC. 2,312.00 Unreadable date 11/3/15 P-85-nk CEBU No. 17355 CARMEN COPPER CORP. 45,376.00 Unreadable date, payor details and amounts 11/3/15 P-85-nl CEBU No. 17356 CARMEN COPPER CORP. 32,912.00 Unreadable date, payor details and amounts 11/3/15 P-85-nm CEBU No. 17357 CARMEN COPPER CORP. 32,912.00 Unreadable date, payor details and amounts 11/3/15 P-85-nn CEBU No. 17358 CARMEN COPPER CORP. 32,912.00 Unreadable date, payor details and amounts 11/3/15 P-85-no CEBU No. 17359 CARMEN COPPER CORP. 32,912.00 Unreadable date, payor details and amounts 11/3/15 P-85-np CEBU No. 17360 CARMEN COPPER CORP. 45,376.00 Unreadable date, payor details and amounts 11/3/15 P-85-nq CEBU No. 17361 CARMEN COPPER CORP. 45,376.00 Unreadable date, payor details and amounts 11/3/15 P-85-nr CEBU No. 17362 CARMEN COPPER CORP. 45,376.00 Unreadable date, payor details and amounts 11/3/15 P-85-ns CEBU No. 17363 CARMEN COPPER CORP. 45,376.00 Unreadable date, payor details and amounts 11/3/15 P-85-nt CEBU No. 17364 CARMEN COPPER CORP. 45,376.00 Unreadable date, payor details and amounts 11/3/15 P-85-nu CEBU No. 17365 CARMEN COPPER CORP. 95,216.00 Unreadable date, payor details and amounts 11/3/15 P-85-nv CEBU No. 17366 CARMEN COPPER CORP. 95,216.00 Unreadable date, payor details and amounts 11/3/15 P-85-nw CEBU No. 17367 CARMEN COPPER CORP. 95,216.00 Unreadable date, payor details and amounts 11/3/15 P-85-nx CEBU No. 17368 CARMEN COPPER CORP. 95,216.00 Unreadable date, payor details and amounts 11/3/15 P-85-ny CEBU No. 17369 CARMEN COPPER CORP. 11,233.60 Unreadable date, payor details and amounts 11/3/15 P-85-nz CEBU No. 17370 CARMEN COPPER CORP. 95,216.00 Unreadable date, payor details and amounts 11/3/15 P-85-oa CEBU No. 17371 CARMEN COPPER CORP. 95,216.00 Unreadable date, payor details and amounts 11/3/15 P-85-ob CEBU No. 17372 CARMEN COPPER CORP. 89,912.00 Unreadable date, payor details and amounts 11/3/15 P-85-oc CEBU No. 17373 CARMEN COPPER CORP. 41,136.00 Unreadable date, payor details and amounts 11/3/15 P-85-od CEBU No. 17374 CARMEN COPPER CORP. 2,801.60 Unreadable date, payor details and amounts 11/3/15 P-85-oj BTN No. 08067 TAGANITO MINING CORP. 5,512.00 Unreadable payor details and amounts 11/3/15 P-85-ok BTN No. 08068 TAGANITO MINING CORP. 38,296.00 Unreadable date and amounts 11/4/15 P-85-ol CEBU No. 17375 CARMEN COPPER CORP. 153,384.00 Unreadable payor details and amounts 11/4/15 P-85-om CEBU No. 17376 CARMEN COPPER CORP. 16,416.00 Unreadable payor details and amounts 11/4/15 P-85-on CEBU No. 17377 CARMEN COPPER CORP. 9,120.00 Unreadable payor details and amounts 11/4/15 P-85-oo CEBU No. 17378 CARMEN COPPER CORP. 9,120.00 Unreadable date 11/4/15 P-85-oq CEBU No. 17380 CARMEN COPPER CORP. 9,120.00 Unreadable date and payor details 11/4/15 P-85-or CEBU No. 17381 CARMEN COPPER CORP. 191,161.60 Unreadable date, payor details and amounts 11/4/15 P-85-os CEBU No. 17382 CARMEN COPPER CORP. 168,192.00 Unreadable date, payor details and amounts 11/4/15 P-85-ot CEBU No. 17383 CARMEN COPPER CORP. 490,912.00 Unreadable date, payor details and amounts 11/4/15 P-85-ov CEBU No. 17385 CARMEN COPPER CORP. 9,120.00 Unreadable date, payor details and amounts 11/4/15 P-85-pd CEBU No. 17393 CARMEN COPPER CORP. 10,208.00 Unreadable date 11/4/15 P-85-pm BTN No. 08418 CENTURY PEAK CORPORATION 9,936.00 Unreadable date 11/4/15 P-85-pn BTN No. 08419 CENTURY PEAK CORPORATION 6,384.00 Unreadable date 11/4/15 P-85-pw BTN No. 08070 TAGANITO MINING CORP. 13,704.00 Unreadable amounts 11/4/15 P-85-px BTN No. 08071 TAGANITO MINING CORP. 9,360.00 Unreadable amounts 11/5/15 P-85-qq BTN No. 08074-08477 TAGANITO MINING CORP. 322,200.00 Unreadable date and payor details 11/6/15 P-85-qr BTN No. 08079 TAGANITO MINING CORP. 84,512.00 Unreadable date and amounts 11/6/15 P-85-qs BTN No. 08429 ADNAMA MINING RESOURCES, INC. 26,224.00 Unreadable date 11/6/15 P-85-qu CEBU No. 17414 CARMEN COPPER CORP. 397,776.00 Unreadable date 11/6/15 P-85-qy CEBU No. 17419 CARMEN COPPER CORP. 430,233.60 Unreadable date and payor details 11/6/15 P-85-qz CEBU No. 17430 CARMEN COPPER CORP. 14,600.00 Unreadable date and payor details 11/6/15 P-85-ri BTN No. 08069 HINATUAN MINING CORPORATION 30,320.00 Unreadable payor details 11/9/15 P-85-rn BTN No. 08085 CAGDIANAO MINING CORPORATION 53,936.00 Unreadable payor details 11/9/15 P-85-rq BTN No. 08083 TAGANITO MINING CORP. 3,552.00 Unreadable date and payor details 11/9/15 P-85-rr BTN No. 08084 TAGANITO MINING CORP. 2,584.00 Unreadable date 11/10/15 P-85-ru BTN No. 08086 TAGANITO MINING CORP. 113,920.00 Unreadable date and payor details 11/10/15 P-85-rv BTN No. 08087 TAGANITO MINING CORP. 2,976.00 Unreadable date and payor details 11/10/15 P-85-rw BTN No. 08089 TAGANITO MINING CORP. 92,872.00 Unreadable date and amounts 11/11/15 P-85-sd MLA No. 15705 FCF MINERALS CORPORATION 125,372.51 Unreadable date 11/11/15 P-85-sh BTN No. 08090 TAGANITO MINING CORP. 9,296.00 Unreadable date, payor details and amounts 11/12/15 P-85-sj BTN No. 08078 TAGANITO MINING CORP. 7,424.00 Unreadable date, payor details and amounts 11/12/15 P-85-sk BTN No. 08092 TAGANITO MINING CORP. 2,048.00 Unreadable date, payor details and amounts 11/12/15 P-85-sl BTN No. 08093 TAGANITO MINING CORP. 16,128.00 Unreadable date, payor details and amounts 11/13/15 P-85-sr CEBU No. 17469 CARMEN COPPER CORP. 9,120.00 Unreadable date and payor details 11/13/15 P-85-su BTN No. 08095 HINATUAN MINING CORPORATION 24,544.00 Unreadable date, payor details and amounts 11/13/15 P-85-sv BTN No. 08094 TAGANITO MINING CORP. 12,640.00 Unreadable date and amounts 11/13/15 P-85-sw BTN No. 08096 TAGANITO MINING CORP. 21,216.00 Unreadable date and amounts 11/14/15 P-85-sx BTN No. 08502 TAGANITO MINING CORP. 3,728.00 Unreadable date 11/16/15 P-85-tm BTN No. 08099 TAGANITO MINING CORP. 19,136.00 Unreadable amounts 11/16/15 P-85-tn BTN No. 08503 TAGANITO MINING CORP. 19,616.00 Unreadable date 11/17/15 P-85-tv BTN No. 08552 TAGANITO MINING CORP. 3,000.00 Unreadable amounts 11/17/15 P-85-tw BTN No. 08553 TAGANITO MINING CORP. 1,568.00 Unreadable amounts 11/18/15 P-85-uc BTN No. 08554 TAGANITO MINING CORP. 130,080.00 Unreadable date 11/18/15 P-85-ud BTN No. 08555 TAGANITO MINING CORP. 287,824.00 Unreadable date, payor details and amounts 11/20/15 P-85-uj CEBU No. 17494 CARMEN COPPER CORP. 45,376.00 Unreadable date 11/24/15 P-85-vl BTN No. 08482 CENTURY PEAK CORPORATION 28,056.00 Unreadable amounts 11/24/15 P-85-vm BTN No. 08483 CENTURY PEAK CORPORATION 29,824.00 Unreadable date and amounts 11/25/15 P-85-vn MLA No. 10459 FCF MINERALS CORPORATION 76,160.00 Unreadable date 11/25/15 P-85-vs MLA No. 16020 PHIL. GOLD PROCESSING & REFINING CORP. 5,274.12 Unreadable amounts 11/25/15 P-85-vx BTN No. 08073 TAGANITO MINING CORPORATION 108,000.00 Unreadable date 11/25/15 P-85-vy BTN No. 08562 TAGANITO MINING CORP. 192.00 Unreadable date 11/26/15 P-85-ws BTN No. 08486 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 24,784.00 Unreadable date and amounts 12/2/15 P-85-xy MLA No. 16066 FCF MINERALS CORPORATION 37,480.00 Unreadable date 12/3/15 P-85-yn BTN No. 08489 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 51,696.00 Unreadable date and amounts 12/4/15 P-85-zf BTN No. 08490-08491 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 1,142,815.08 Unreadable date and amounts 12/7/15 P-85-zp BTN No. 08567 TAGANITO MINING CORP. 859,928.00 Unreadable date 12/9/15 P-85-aae MLA No. 16088 FCF MINERALS CORPORATION 20,080.00 Unreadable date, payor details and amounts 12/9/15 P-85-aaj BTN No. 08572 TAGANITO MINING CORP. 134,768.00 Unreadable date 12/9/15 P-85-aak BTN No. 08574 TAGANITO MINING CORP. 39,888.00 Unreadable date 12/9/15 P-85-aal BTN No. 08575 TAGANITO MINING CORP. 1,312.00 Unreadable date 12/10/15 P-85-aar BTN No. 08581 CAGDIANAO MINING CORPORATION 42,816.00 Unreadable amounts 12/10/15 P-85-abf BTN No. 08582 TAGANITO MINING CORP. 8,784.00 Unreadable amounts 12/10/15 P-85-abg BTN No. 08583 TAGANITO MINING CORP. 44,545.60 Unreadable date and amounts 12/10/15 P-85-abi BTN No. 08586 TAGANITO MINING CORP. 1,896.00 Unreadable date 12/10/15 P-85-abj BTN No. 08587 TAGANITO MINING CORP. 4,264.00 Unreadable date 12/11/15 P-85-abr BTN No. 08589 TAGANITO MINING CORP. 4,008.00 Unreadable date 12/14/15 P-85-abw CEBU No. 17883 CARMEN COPPER CORP. 88,488.00 Unreadable date 12/15/15 P-85-acs CEBU No. 17903 CARMEN COPPER CORP. 273,744.00 Unreadable date 12/15/15 P-85-act BTN No. 08594 TAGANITO MINING CORP. 256,032.00 Unreadable date 12/15/15 P-85-acu BTN No. 08595 TAGANITO MINING CORP. 2,824.00 Unreadable date 12/16/15 P-85-acy CEBU No. 17576 ADNAMA MINING RESOURCES, INC. 14,917.00 Unreadable date, payor details and amounts 12/16/15 P-85-acz CEBU No. 17904 CARMEN COPPER CORP. 10,208.00 Unreadable date 12/16/15 P-85-adc CEBU No. 17907 CARMEN COPPER CORP. 43,920.00 Unreadable date 12/16/15 P-85-add CEBU No. 17908 CARMEN COPPER CORP. 27,720.00 Unreadable date 12/16/15 P-85-adf BTN No. 08634 PLATINUM GROUP METALS CORP. 8,368.00 Unreadable date, payor details and amounts 12/16/15 P-85-adg BTN No. 08635 PLATINUM GROUP METALS CORP. 158,592.00 Unreadable date, payor details and amounts 12/16/15 P-85-adh BTN No. 08636 PLATINUM GROUP METALS CORP. 9,520.00 Unreadable date, payor details and amounts 12/16/15 P-85-adi BTN No. 08637 PLATINUM GROUP METALS CORP. 19,040.00 Unreadable date, payor details and amounts 12/16/15 P-85-adj BTN No. 08638 PLATINUM GROUP METALS CORP. 19,040.00 Unreadable date, payor details and amounts 12/17/15 P-85-adk BTN No. 08640 ADNAMA MINING RESOURCES, INC. 168,864.00 Unreadable date, payor details and amounts 12/17/15 P-85-adl CEBU No. 17909 CARMEN COPPER CORP. 12,032.00 Unreadable date 12/17/15 P-85-adt CEBU No. 17972 CARMEN COPPER CORP. 60,480.00 Unreadable date 12/17/15 P-85-adw BTN No. 08599 HINATUAN MINING CORPORATION 129,536.00 Unreadable date and amounts 12/21/15 P-85-aea BTN No. 08654 CAGDIANAO MINING CORPORATION 20,280.00 Unreadable date, payor details and amounts 12/21/15 P-85-aeb BTN No. 08655 CAGDIANAO MINING CORPORATION 19,472.00 Unreadable date, payor details and amounts 12/21/15 P-85-aec BTN No. 08656 CAGDIANAO MINING CORPORATION 11,056.00 Unreadable date, payor details and amounts 12/21/15 P-85-aed BTN No. 08657 CAGDIANAO MINING CORPORATION 17,200.00 Unreadable date and payor details 12/22/15 P-85-aeh CEBU No. 17944 CARMEN COPPER CORP. 1,168,190.00 Unreadable date 12/22/15 P-85-aew CEBU No. 17959 CARMEN COPPER CORP. 204,678.40 Unreadable date 12/22/15 P-85-aey CEBU No. 17961 CARMEN COPPER CORP. 320,028.80 Unreadable date 12/22/15 P-85-afl MLA No. 16433 PHIL. GOLD PROCESSING & REFINING CORP. 76,440.90 Unreadable date, payor details and amounts 12/23/15 P-85-afp CEBU No. 17971 CARMEN COPPER CORP. 72,852.80 Unreadable date 10/23/15 P-86-aq CEBU 17134 PHIL. ASS. SMELTING & REF. CORP. 187,899.10 Unreadable amounts 12/9/15 P-86-cz MLA No. 16172 WU KONG SINGAPORE PTE. LTD. 20,411.00 Unreadable date 12/10/15 P-86-dd BTN No. 08494 TAGANITO HPAL NICKEL CORPORATION 441,888.00 Unreadable amounts 12/11/15 P-86-dy MLA No. 16226 WU KONG SINGAPORE PTE. LTD. 2,521.00 Unreadable date 12/21/15 P-86-eb BTN No. 08642 VISAYAS SLAKED LIME CORP. 15,560.00 Unreadable amounts 10/2/15 P-87-a MLA-15006 JAMJLE PROPERTIES (SUBIC) AND DEVELOPMENT CORPORATION 11,688.00 Unreadable date 10/8/15 P-87-f BTN-8255 SUBIC CONSOLIDATED PROJECTS, INC. 656.00 Unreadable date 10/20/15 P-87-n BTN-8372 SUBIC CONSOLIDATED PROJECTS, INC. 2,240.00 Unreadable date Subtotal 3rd Quarter P21,410,374.83 4th Quarter 1/4/16 P-85-agv BTN No. 08658 TAGANITO MINING CORP. P25,024.00 Unreadable date, payor details and amounts 1/4/16 P-85-agz BTN No. 08662 TAGANITO MINING CORP. 4,224.00 Unreadable date 1/4/16 P-85-aha BTN No. 08663 TAGANITO MINING CORP. 155,104.00 Unreadable date 1/4/16 P-85-ahc BTN No. 08666 TAGANITO MINING CORP. 83,512.00 Unreadable date 1/4/16 P-85-ahd BTN No. 08667 TAGANITO MINING CORP. 165,840.00 Unreadable date 1/4/16 P-85-ahe BTN No. 08668 TAGANITO MINING CORP. 152,880.00 Unreadable date 1/4/16 P-85-ahf BTN No. 08669 TAGANITO MINING CORP. 345,072.00 Unreadable date 1/4/16 P-85-ahg BTN No. 08670 TAGANITO MINING CORP. 3,176.00 Unreadable date 1/5/16 P-85-ahl MLA No. 16378 PHIL. GOLD PROCESSING & REFINING CORP. 9,660.02 Unreadable amounts 1/5/16 P-85-ahq MLA No. 16383 PHIL. GOLD PROCESSING & REFINING CORP. 1,377.11 Unreadable date 1/5/16 P-85-ahr MLA No. 16384 PHIL. GOLD PROCESSING & REFINING CORP. 766.58 Unreadable date 1/5/16 P-85-aht MLA No. 16444 RIO TUBA NICKEL MINING CORP. 204,384.00 Unreadable date 1/6/16 P-85-aia CEBU 18022 CARMEN COPPER CORP. 117,425.60 Unreadable date 1/6/16 P-85-aif CEBU 18027 CARMEN COPPER CORP. 11,136.00 Unreadable date 1/6/16 P-85-aig CEBU 18028 CARMEN COPPER CORP. 169,384.00 Unreadable date 1/6/16 P-85-aih CEBU 18029 CARMEN COPPER CORP. 85,568.00 Unreadable date 1/6/16 P-85-aii CEBU 18030 CARMEN COPPER CORP. 17,064.00 Unreadable date 1/6/16 P-85-aik CEBU 18032 CARMEN COPPER CORP. 90,872.00 Unreadable date 1/6/16 P-85-ail CEBU 18033 CARMEN COPPER CORP. 90,872.00 Unreadable date 1/6/16 P-85-aiq CEBU 18038 CARMEN COPPER CORP. 31,264.00 Unreadable date 1/6/16 P-85-air CEBU 18039 CARMEN COPPER CORP. 285,550.00 Unreadable date 1/6/16 P-85-ais CEBU 18040 CARMEN COPPER CORP. 33,296.00 Unreadable date 1/6/16 P-85-aiu CEBU 18066 CARMEN COPPER CORP. 483,840.00 Unreadable date 1/6/16 P-85-aiv CEBU No. 18009 CARMEN COPPER CORP. 411,246.00 Unreadable date 1/6/16 P-85-aiz MLA No. 16387 RIO TUBA NICKEL MINING CORP. 134,232.00 Unreadable date 1/6/16 P-85-aja MLA No. 16445-46 RIO TUBA NICKEL MINING CORP. 331,496.00 Unreadable date, payor details and amounts 1/6/16 P-85-ajb MLA No. 16447 RIO TUBA NICKEL MINING CORP. 870,352.00 Unreadable date, payor details and amounts 1/6/16 P-85-ajc MLA No. 16448-49 RIO TUBA NICKEL MINING CORP. 456,792.00 Unreadable date, payor details and amounts 1/6/16 P-85-ajd MLA No. 16450 RIO TUBA NICKEL MINING CORP. 316,728.00 Unreadable date, payor details and amounts 1/6/16 P-85-ajg BTN No. 08675 TAGANITO MINING CORP. 66,840.00 Unreadable date 1/7/16 P-85-ajm CEBU 18045 CARMEN COPPER CORP. 105,968.00 Unreadable date 1/8/2016 P-85-akb CEBU No. 17631 ADNAMA MINING RESOURCES, INC. 17,085.00 Unreadable date, payor details and amounts 1/8/16 P-85-akd CEBU 18053 CARMEN COPPER CORP. 84,822.40 Unreadable date 1/12/16 P-85-aks CEBU 18075 CARMEN COPPER CORP. 85,568.00 Unreadable date 1/12/16 P-85-ald MLA No. 16396 FCF MINERALS CORPORATION 48,018.93 Unreadable date and amounts 1/12/16 P-85-ale MLA No. 16397 FCF MINERALS CORPORATION 2,648.93 Unreadable date and amounts 1/12/16 P-85-alf MLA No. 16398 FCF MINERALS CORPORATION 540.00 Unreadable date and amounts 1/13/16 P-85-alp CEBU 18093 CARMEN COPPER CORP. 25,904.00 Unreadable date 1/13/16 P-85-alz BTN No. 08679 TAGANITO MINING CORP. 167,864.00 Unreadable date, payor details and amounts 1/14/16 P-85-amc MLA No. 16400 PHIL. GOLD PROCESSING & REFINING CORP. 14,073.71 Unreadable date, payor details and amounts 1/15/16 P-85-ame CEBU 18106 CARMEN COPPER CORP. 32,800.00 Unreadable date 1/15/16 P-85-amx BTN No. 08695 HINATUAN MINING CORPORATION 18,864.00 Unreadable date 1/18/2016 P-85-anb BTN 08758 ADNAMA MINING RESOURCES, INC. 4,272.00 Unreadable date 1/18/16 P-85-ane CEBU 18127 CARMEN COPPER CORP. 32,800.00 Unreadable date 1/18/16 P-85-anf CEBU 18128 CARMEN COPPER CORP. 310,576.00 Unreadable date 1/20/16 P-85-ann BTN No. 08696 TAGANITO MINING CORP. 1,888.00 Unreadable amounts 1/21/16 P-85-anu BTN No. 08697 TAGANITO MINING CORP. 131,904.00 Unreadable amounts 1/22/16 P-85-aoh CEBU 18176 CARMEN COPPER CORP. 285,550.00 Unreadable date 1/22/16 P-85-aoi CEBU 18177 CARMEN COPPER CORP. 382,690.00 Unreadable date 1/26/16 P-85-ape CEBU 18200 CARMEN COPPER CORP. 85,568.00 Unreadable date 1/26/16 P-85-apr BTN No. 08699 TAGANITO MINING CORP. 10,051,772.00 Unreadable date, payor details and amounts 1/27/16 P-85-apt CEBU 18225 CARMEN COPPER CORP. 218,752.00 Unreadable date 1/28/16 P-85-aqp CEBU No. 18254 CARMEN COPPER CORP. 931.20 Unreadable date 1/28/16 P-85-aqq CEBU No. 18256 CARMEN COPPER CORP. 931.20 Unreadable date 1/29/16 P-85-arm CEBU No. 18267 CARMEN COPPER CORP. 251,840.00 Unreadable date 2/2/16 P-85-asp BTN 08865 TAGANITO MINING CORP. 6,984.00 Unreadable date 2/4/16 P-85-atk BTN 08873 TAGANITO MINING CORP. 10,352.00 Unreadable date 2/5/16 P-85-atl CEBU No. 18316 CARMEN COPPER CORP. 10,955.20 Unreadable date 2/9/16 P-85-aug CEBU-18339 CARMEN COPPER CORP. 492,208.00 Unreadable date 2/9/16 P-85-aul CEBU-18345 CARMEN COPPER CORP. 32,240.00 Unreadable date 2/12/16 P-85-awr CEBU-18378 CARMEN COPPER CORP. 100,032.00 Unreadable date 2/12/16 P-85-axa CEBU-18387 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/16/2016 P-85-axu BTN 08902 PLATINUM GROUP METALS CORP. 477,008.00 Unreadable date 2/18/16 P-85-ayj CEBU-18427 CARMEN COPPER CORP. 29,000.00 Unreadable date 2/18/16 P-85-ayk CEBU-18428 CARMEN COPPER CORP. 85,568.00 Unreadable date 2/18/16 P-85-aym CEBU-18430 CARMEN COPPER CORP. 85,568.00 Unreadable date 2/18/16 P-85-ayn CEBU-18431 CARMEN COPPER CORP. 64,424.00 Unreadable date 2/20/16 P-85-baa CEBU 18484 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bab CEBU 18485 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bac CEBU 18486 CARMEN COPPER CORP. 2,064.00 Unreadable date 2/20/16 P-85-bad CEBU 18487 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bae CEBU 18488 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bag CEBU 18490 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bah CEBU 18491 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bai CEBU 18492 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-baj CEBU 18493 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bak CEBU 18494 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bal CEBU 18495 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bam CEBU 18496 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-ban CEBU 18497 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bao CEBU 18498 CARMEN COPPER CORP. 32,912.00 Unreadable date 2/20/16 P-85-bap CEBU 18499 CARMEN COPPER CORP. 32,912.00 Unreadable date, payor details and amounts 2/20/16 P-85-baq CEBU 18500 CARMEN COPPER CORP. 32,912.00 Unreadable date 3/3/16 P-85-bdp BTN No. 08825 TAGANITO MINING CORP. 168.00 Unreadable amounts 3/7/16 P-85-bdx CEBU No. 18833 CARMEN COPPER CORP. 65,816.00 Unreadable date 3/8/16 P-85-bee BTN 08997 TAGANITO MINING CORP. 4,768.00 Unreadable date 3/10/16 P-85-bfz MLA 0017463 RIO TUBA NICKEL MINING CORP. 25,592.00 Unreadable date 3/16/16 P-85-bgs CEBU No. 19001 CARMEN COPPER CORP. 1,440.00 Unreadable date 3/18/16 P-85-bhi CEBU No. 19015 CARMEN COPPER CORP. 30,736.00 Unreadable date 3/18/16 P-85-bhm DVO 4418 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 8,976.00 Unreadable date and payor details 3/18/16 P-85-bhn DVO 4419 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 11,056.00 Unreadable date and payor details 3/18/16 P-85-bho DVO 4420 MARCVENTURES MINING AND DEVELOPMENT CORPORATION 152,064.44 Unreadable date, payor details and amounts 3/21/16 P-85-bhy DVO 4426 PLATINUM GROUP METALS CORP. 1,296.00 Unreadable amounts 3/23/16 P-85-bir DVO 04435 TAGANITO MINING CORP. 33,432.00 Unreadable date, payor details and amounts Subtotal 4th Quarter P19,776,948.32 Total Sale of goods supported by VAT Invoices but with unreadable details P41,187,323.15 2) Sale of goods supported by incomplete documents 3rd Quarter 10/2/15 P-85-ad BTN No. 08183-85 TAGANITO MINING CORP. P165,532.00 Incomplete supporting documents Subtotal 3rd Quarter P165,532.00 Total Sale of goods supported by incomplete documents P165,532.00 3) Sale of goods to entity without BOI certification 4th Quarter 1/7/16 P-85-ajy BTN No. 08742 CARRASCAL NICKEL CORP. P24,552.00 Buyer of goods without BOI certification Subtotal 4th Quarter P24,552.00 Total Sale of goods to entity without BOI certification P24,552.00 Total Zero-rated Sales Disallowed by the Court P41,377,407.15 Thus, the total disallowances in petitioner's reported total zero-rated sales as per the Court's verification are as follows: DHITCc Disallowances per Court's further verification 3rd Quarter 4th Quarter Total Sale of services to non-resident client not qualified for VAT zero-rating under Sec. 108 (B) (2) of the NIRC of 1997, as amended P66,920,636.01 P41,636,870.97 P108,557,506.98 Sale of goods supported by VAT invoices but with unreadable details (date, payor details, or amount) 21,410,374.83 19,776,948.32 41,187,323.15 Sale of goods supported by incomplete documents 165,532.00 - 165,532.00 Sale of goods to entity without BOI certification - 24,552.00 24,552.00 Total disallowances per Court's verification P88,496,542.84 P61,438,371.29 P149,934,914.13 In sum, out of the reported zero-rated sales of P742,641,360.36, only the amount of P449,639,675.65 shall be considered as valid zero-rated sales for the 3rd and 4th quarters of FY ending March 31, 2016, detailed below: 3rd Quarter 4th Quarter Total Total Reported Zero-rated Sales P396,978,672.96 P345,662,687.40 P742,641,360.36 Less: Sales denied of VAT zero-rating Per ICPA Report 76,267,086.04 66,799,684.54 143,066,770.58 Per Court's further verification 88,496,542.84 61,438,371.29 149,934,914.13 Valid Zero-rated Sales P232,215,044.08 P217,424,631.57 P449,639,675.65 Petitioner incurred/paid taxes attributable to zero-rated sales Having found that petitioner had valid VAT zero-rated sales in the total amount of P449,639,675.65 for the 3rd and 4th quarters of FY ending March 31, 2016, the Court shall proceed to determine whether petitioner complied with the requisites pertaining to the input VAT being claimed for refund or issuance of a tax credit certificate. For the 3rd and 4th quarters of FY ending March 31, 2016, petitioner reflected a total amount of P172,726,014.12 allowable input VAT arising from its amortization of input VAT on purchases of capital goods exceeding P1 million, domestic purchases and importation of goods other than capital goods, and domestic purchases of services, detailed as follows: Input tax as per Amended Quarterly VAT Returns 3rd Quarter 4th Quarter Consolidated Input Tax Deferred on Capital Goods exceeding 1M from Previous Quarter (Line 20B) P1,365,201.80 P1,169,986.20 P2,535,188.00 Less: Input Tax on Purchases of Capital Goods exceeding 1M deferred for succeeding period (Line 23A) 1,169,986.20 974,770.88 2,144,757.08 Input Tax Amortized for the Period 195,215.60 195,215.32 390,430.92 Add: Current Input Taxes Domestic Purchases of Goods Other Capital Goods (Line 21F) 1,366,284.45 2,398,640.57 3,764,925.02 Importation of Goods Other than Capital Goods (Line 21H) 58,993,114.00 96,308,618.00 155,301,732.00 Domestic Purchase of Services (Line 21J) 4,753,629.59 8,515,296.59 13,268,926.18 Total Current Input Tax 65,113,028.04 107,222,555.16 172,335,583.20 Total Input Taxes for the Period P65,308,243.64 P107,417,770.48 P172,726,014.12 Input tax as per subject claim 44 3rd Quarter 4th Quarter Total Total current input tax for the current quarter P65,308,243.64 P107,417,770.48 P172,726,014.12 Less: Input tax directly attributable to VATable sale of machineries from current purchases 9,407,909.06 35,626,985.17 45,034,894.23 Input tax directly attributable to government sales from current purchases 8,230.31 57,852.34 66,082.65 Input tax directly attributable on current purchases not sold within the quarter 23,719,153.52 31,823,307.34 55,542,460.86 Input tax directly attributable to zero-rated sales of machineries from current purchases 975,489.41 1,812,673.50 2,788,162.91 Current input tax available for allocation 31,197,461.34 38,096,952.13 69,294,413.47 Total input tax allocable to zero-rated sales 8,917,818.84 9,615,458.75 18,533,277.59 Add: Input tax directly attributable to zero-rated sales of machineries from current purchases 975,489.41 1,812,673.50 2,788,162.91 Input tax directly attributable to zero-rated sales of machineries and spare parts which were imported in prior years but sold during the quarter 3,944,928.22 6,873,408.21 10,818,336.43 Total input tax claimed for refund/issuance of TCC P13,838,236.47 P18,301,540.46 P32,139,776.93 In support of its total reported input VAT of P172,726,014.12, petitioner offered in evidence various sales invoices, ORs, Import Entry and Internal Revenue Declarations (IEIRDs), Statement of Settlement of Duties and Taxes (SSDTs), Bureau of Customs (BOC) ORs and other related documents, 45 which were examined by the ICPA. Summarized below are petitioner's input VAT for the 3rd and 4th quarters of FY ending March 31, 2016, in the total amount of P172,726,014.13: Particulars 3rd Quarter 4th Quarter Total 1) Input tax on current quarter's importation directly related to VATable sale of machineries in the same quarter P9,407,909.06 P35,626,985.17 P45,034,894.23 2) Input tax on the importations in the current quarter directly related to zero-rated sale of machineries in the same quarter 975,489.42 1,812,673.50 2,788,162.92 3) Input tax on current purchase of machineries not sold within the quarter 23,719,153.52 31,823,307.34 55,542,460.86 4) Common input tax allocable between VATable and zero-rated sales a) Input tax on current quarter's importations 24,890,562.00 27,045,652.00 51,936,214.00 b) Input tax on current quarter's domestic purchases 6,119,914.04 10,913,937.16 17,033,851.20 c) Input tax on capital goods exceeding P1 Million amortized for the period 195,215.60 195,215.32 390,430.92 Subtotal Common input tax allocable between VATable sales and zero-rated sales 31,205,691.64 38,154,804.48 69,360,496.12 Total Input Taxes for the Period P65,308,243.64 P107,417,770.49 P172,726,014.13 Out of the input VAT amounting to P172,726,014.12, input taxes in the total amount of P69,360,496.12 are considered allocable between VATable sales and zero-rated sales. Upon examination of the said documents, the ICPA noted exceptions in the total amount of P64,132,726.65, as summarized below, which shall be disallowed for failure to meet the substantiation and invoicing requirements under Sections 110 (A), 113 (A) and (B), and 237 of the NIRC of 1997, as amended, in relation to Sections 4.110-1, 4.110-2, 4.110-8, and 4.113-1 of RR No. 16-05, as amended: Exhibit No. Exceptions 3rd Quarter 4th Quarter Total 1) Input tax on current quarter's importation of spare parts not directly attributable to VATable sales and VAT zero-rated sales P-63 Supported by IEIRDs/SADs and SSDTs and traced to E2M schedule [but with no Certification from authorized agent bank (AAB) as to payment of taxes] P22,141,311.00 P22,933,838.00 P45,075,149.00 P-64 Supported by IEIRDs/SADs and traced to E2M schedule [but with no SSDT and Certification from AAB] 6,471.00 - 6,471.00 P-65 Supported by SSDTs and traced to E2M schedule [with no IEIRDs/SAD submitted] - 18,531.00 18,531.00 P-66 Not supported by IEIRDs/SAD and SSDTs and not traced to E2M schedule - 26,276.00 26,276.00 P-67 Supported by IEIRDs/SAD, and SSDT and traced to E2M but dated in the prior quarters falling in the same taxable year 2,742,780.00 2,501,314.00 5,244,094.00 P-68 Supported by IEIRDs/SAD and traced to E2M but dated in the prior quarters not falling in the same taxable year - 1,565,693.00 1,565,693.00 Total Input tax on current quarter's importation of spare parts not directly attributable to VATable sales and VAT zero-rated sale P24,890,562.00 P27,045,652.00 P51,936,214.00 2) Input tax on domestic purchases of goods other than capital goods and domestic purchase of services P-70 Domestic purchase of goods properly supported by VAT Invoice/purchase of services properly supported by VAT OR, that are issued in the name of the Petitioner with the Petitioner's complete TIN, address, business style, and with valid ATP but are dated in the prior quarter falling in the same taxable year P51,614.76 P40,478.93 P92,093.69 P-71 Domestic purchase of goods properly supported by VAT Invoice/purchase of services properly supported by VAT OR, that are issued in the name of the Petitioner with the Petitioner's complete TIN, address, and with valid ATP but without business style 820,151.67 1,389,727.51 2,209,879.18 P-72 Domestic purchase of goods not properly supported by VAT Invoice/purchase of services not properly supported by VAT OR 1,024,517.35 298,065.08 1,322,582.43 P-73 Domestic purchase of goods supported by VAT Invoice/purchase of services supported by VAT OR but not dated within the same taxable year or dated in the subsequent quarter 226,719.76 380,805.74 607,526.50 P-74 Domestic purchase of goods supported by VAT Invoice/purchase of services supported by VAT OR but without date 6,374.46 1,360.06 7,734.52 P-75 Domestic purchase of goods supported by VAT Invoice/purchase of services supported by VAT OR without valid Authority to Print (ATP) 18,994.73 52,761.41 71,756.14 P-76 Domestic purchase of goods supported by VAT Invoice/purchase of services supported by VAT OR with missing and/or incorrect Company name 54,035.06 87,843.69 141,878.75 P-77 Domestic purchase of goods supported by VAT Invoice/purchase of services supported by VAT OR with missing and/or incorrect TIN 332,054.14 381,989.07 714,043.21 P-78 Domestic purchase of goods supported by VAT Invoice/purchase of services supported by VAT OR with missing and/or incorrect registered address 43,977.58 62,192.40 106,169.98 P-79 Domestic purchase of goods supported by VAT Invoice/purchase of services supported by VAT OR with a note "This document is not valid for claiming input taxes" 34,159.80 87,480.04 121,639.84 P-80 Domestic purchase of services with claimed input VAT on exempt transactions 558.42 40.57 598.99 P-81 Domestic purchases without supporting Invoices/ORs presented 1,606,152.17 5,194,457.25 6,800,609.42 Total Input tax on domestic purchases of goods other than capital goods and domestic purchase of services P4,219,309.90 P7,977,202.75 P12,196,512.65 Total common input taxes disallowed per ICPA findings P29,109,871.90 P35,022,854.75 P64,132,726.65 Moreover, upon further verification, the Court disallows the following input VAT on domestic purchase of goods and purchase of capital goods exceeding P1 Million in the total amount of P2,146,736.49 for failure to comply with invoicing requirements, as follows: cEaSHC Date Exhibit No. Supplier Input VAT 3rd Quarter 4th Quarter 1) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR wherein the VAT amount is not separately/properly indicated 10/15/15 P-69-ae ONG, SALVE L. (MAPULANG LUPA HARDWARE & CONSTRUCTION SUPPLIES) P11.25 10/20/15 P-69-aj INVISION MARKETING 122.14 10/12/15 P-69-eu WIDE WIDE WORLD EXPRESS CORPORATION 369.60 10/22/15 P-69-ga MATATAG CARGO LOGISTICS CORP. 62,481.30 10/22/15 P-69-gd QUEEN DIESEL TRONICS, INC. 6,071.26 10/26/15 P-69-gm DY TEBAN HARDWARE AUTO SUPPLY (DY TEBAN TRADING INCORPORATED) 325.71 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 2,411.61 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 65.28 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 1,263.04 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 2,042.80 10/29/15 P-69-hn SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 2,310.71 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 2,314.14 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 2,313.30 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 2,309.69 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 3,795.33 10/29/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 1,372.40 10/29/15 P-69-ho TOYOTA BUTUAN CITY 885.95 10/29/15 P-69-hq U BIX CORPORATION 2,291.64 10/29/15 P-69-hu WIDE WIDE WORLD EXPRESS CORPORATION 1,052.49 11/5/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 645.12 11/5/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 360.00 11/5/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 564.00 11/5/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 11/5/15 P-69-ik AIRTROPOLIS CONSOLIDATOR PHILS., INC. 564.00 11/5/15 P-69-il AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,460.00 11/5/15 P-69-io FEDERAL EXPRESS PACIFIC, INC. 96.75 11/5/15 P-69-iq FIVESTAR CARGO SERVICES, INC. 28,484.43 11/5/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 708.00 11/5/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 653.37 11/5/15 P-69-ix SEA WORTH INTERNATIONAL FREIGHT, INC. 420.00 11/16/15 P-69-kw CONDA, VICTORIA D. (VILLA VICTORIA HOTEL VICTORIA CUCCINA AND CATERING) 95.20 11/24/15 P-69-lz EDSA SHANGRI-LA MANILA 4,664.60 11/26/15 P-69-mt ALLEGIANCE CARGO ADVANTAGE, INC. 385.71 11/26/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 564.00 11/26/15 P-69-nk SEA WORTH INTERNATIONAL FREIGHT, INC. 708.00 11/26/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 420.00 11/26/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 644.44 11/26/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 420.00 11/26/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 708.00 11/27/15 P-69-nr MANILA TOLL EXPRESSWAY SYSTEMS, INC. 535.71 12/3/15 P-69-or WIDE WIDE WORLD EXPRESS CORPORATION 1,038.38 12/7/15 P-69-pa LANE S TRIPLE AND J FLOWCOR, INC. 139.29 12/9/15 P-69-pj GLOBE TELECOM, INC. 31.43 12/9/15 P-69-pk GLOBE TELECOM, INC. 64.18 12/9/15 P-69-pl GLOBE TELECOM, INC. 266.98 12/9/15 P-69-pm GLOBE TELECOM, INC. 192.75 12/10/15 P-69-pu GBB TECH ELECTRO MECHANICAL AND DEV., INC. 5,892.86 12/17/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 646.96 12/17/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 708.00 12/17/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 420.00 12/17/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 480.00 12/17/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 708.00 12/17/15 P-69-qw SEA WORTH INTERNATIONAL FREIGHT, INC. 420.00 2/2/16 P-69-uc ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) P3,294.64 2/5/16 P-69-ui STRONGHOLD HARDWARE 9.11 2/6/16 P-69-uj INDU FLEX MARKETING AND AUTO SUPPLY 150.00 2/9/16 P-69-um GAISANO SUPERSTORE (BUTUAN CITY BRANCH) 102.83 2/10/16 P-69-ur VERACRUZ AUTOPARTS AND HARDWARE 81.96 3/14/16 P-69-xt ONG, FREDERICK (NEW EXTENSIVE AUTO SUPPLY) 187.50 1/4/16 P-69-yq LA PLANTA HOTEL AND RESTAURANT, INC. 332.14 1/7/16 P-69-zg CAPARROSO, SIMEON C. (BASIC ROOMS HOTEL) 101.79 1/14/16 P-69-aar UNITY PRINTING PHILIPPINES, INC. 1,875.00 1/15/16 P-69-aaw GLOBE TELECOM, INC. 525.62 1/15/16 P-69-abb MAAYO SHIPPING, INCORPORATED 19.93 1/26/16 P-69-acf MARILAG BUSINESS AND INDUSTRIAL SERVICES, INC. 6,365.83 1/27/16 P-69-aco PHILTRANCO SERVICE ENTERPRISES, INC. 146.83 1/28/16 P-69-acr CENTER FOR RELIABILITY EXCELLENCE LABORATORIES CO. 657.60 1/28/16 P-69-acx I NAV PHILIPPINES CORP. 2,507.14 1/28/16 P-69-adf TDS AIRCONDITIONING INDUSTRIES, INC. 12,590.36 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 156.00 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 641.88 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,224.06 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 6,047.74 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.00 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 564.00 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/4/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,309.62 2/4/16 P-69-aeb AIRTROPOLIS CONSOLIDATOR PHILS., INC. 8,205.90 2/4/16 P-69-aei MATATAG CARGO LOGISTICS CORP. 72,673.24 2/4/16 P-69-aem WIDE WIDE WORLD EXPRESS CORPORATION 2,609.35 2/4/16 P-69-aeo WIDE WIDE WORLD EXPRESS CORPORATION 630.52 2/18/16 P-69-agv GLOBE TELECOM, INC. 212.65 2/29/16 P-69-aiq GLOBE TELECOM, INC. 53.46 3/3/16 F2 GLOBAL LOGISTICS, INC. 113.57 3/3/16 F2 GLOBAL LOGISTICS, INC. 876.00 3/3/16 P-69-ajd F2 GLOBAL LOGISTICS, INC. 223.46 3/3/16 F2 GLOBAL LOGISTICS, INC. 2,139.68 3/3/16 F2 GLOBAL LOGISTICS, INC. 112.86 3/3/16 F2 GLOBAL LOGISTICS, INC. 960.00 3/3/16 F2 GLOBAL LOGISTICS, INC. 1,803.95 3/3/16 F2 GLOBAL LOGISTICS, INC. 1,057.68 3/3/16 P-69-aje F2 GLOBAL LOGISTICS, INC. 2,139.68 3/3/16 P-69-ajk MATATAG CARGO LOGISTICS CORP. 430.20 3/10/16 P-69-alf LBC EXPRESS, INC. 1,420.78 3/10/16 P-69-alh LBC EXPRESS, INC. 959.42 3/10/16 P-69-alk MARILAG BUSINESS AND INDUSTRIAL SERVICES, INC. 7,985.04 3/10/16 P-69-alm OLIVARES, RODEL H. (RHOTECH PEST MANAGEMENT) 1,560.00 3/15/16 P-69-amb QUEEN MARGARETTE HOTEL, INC. 225.00 3/17/16 P-69-ami CACQUINO, MARIE JERZEN D. (CANDOUR TRANSPORT SERVICES) 15,803.57 3/17/16 P-69-ami CORE SOLUTIONS AND NETWORK INFRASTRUCTURE, INC. 17,132.14 3/22/16 P-69-anm LBC EXPRESS, INC. 162.32 3/23/16 P-69-anw SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 6,802.84 3/23/16 P-69-anx TOYOTA DAVAO CITY, INC. 321.43 3/28/16 P-69-aod MATATAG CARGO LOGISTICS CORP. 6,321.43 3/31/16 P-69-aom JITS CORPORATION 396.00 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR wherein the VAT amount is not separately/properly indicated P148,979.80 P193,099.75 2) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR wherein indicated TIN is incorrect, incomplete or unreadable 10/9/15 P-69-q GOLDEN BAT FAR EAST, INC. P3,610.71 12/1/15 P-69-ob U FREIGHT PHILIPPINES, INC. 164.64 12/1/15 P-69-oc U FREIGHT PHILIPPINES, INC. 164.64 1/14/16 P-69-sj STRONGHOLD HARDWARE P77.68 1/28/16 P-69-acq BAY S INN 139.29 3/17/16 P-69-amq LIFTING AND HEAVY EQUIPMENT SAFETY SPECIALIST 4,285.71 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR wherein indicated TIN is incorrect, incomplete or unreadable P3,939.99 P4,502.68 3) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR with unreadable details (date, payor details and amounts) 1/21/16 P-69-sz DY, DICKY C. (NEW MILLENNIUM TRADING) P500.36 2/3/16 P-69-ud BCM PHOENIX FUELS LIFE GAS STATION 8.04 2/3/16 P-69-ue IGNACIO LUCAS AND SONS, INC. 107.14 2/23/16 P-69-wd ACE HARDWARE PHILS. 7.47 1/6/16 P-69-yv PHILIPPINE PORTS AUTHORITY 519.34 1/14/16 P-69-aap PHILIPPINE PORTS AUTHORITY 186.98 2/5/16 P-69-aep BETHEL GUEST HOUSE 450.00 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 725.92 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 720.00 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 735.53 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 7,066.12 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.00 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 178.99 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,162.37 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 4,480.16 2/11/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 716.97 2/11/16 P-69-afm AIRTROPOLIS CONSOLIDATOR PHILS., INC. 4,283.06 2/11/16 P-69-afn CWCOLE, INC. 21.43 2/11/16 F2 GLOBAL LOGISTICS, INC. 828.27 2/11/16 P-69-afp F2 GLOBAL LOGISTICS, INC. 251.84 2/11/16 F2 GLOBAL LOGISTICS, INC. 222.18 2/11/16 F2 GLOBAL LOGISTICS, INC. 1,900.72 2/25/16 P-69-aig ANA MARGARITA LUSTRE MALIJAN (HOLIDAY SUITES) 265.18 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR with unreadable details (date, payor details and amounts) - P26,034.07 4) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where either there is no indicated business style or the indicated business style is incorrect or incomplete 10/6/15 P-69-k ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) P321.43 11/5/15 P-69-is GOTRAVEL PHILIPPINES, INC. 171.43 11/5/15 P-69-iu LBC EXPRESS, INC. 1,915.07 11/6/15 P-69-iy GLOBE TELECOM, INC. 290.43 11/6/15 P-69-ja GLOBE TELECOM, INC. 64.18 11/10/15 P-69-jn DUN AND BRADSTREET PHILS., INC. 180.00 11/12/15 P-69-js CARPIO BELLO LAW OFFICES 3,405.86 11/12/15 P-69-jt CASA LE' ANNE 2,464.29 11/12/15 P-69-ju ENGAUGEMENT, INC. 10,000.00 11/12/15 P-69-jv GIGANTIC DOODLES AND SKETCHES, INC. 18,642.86 11/12/15 TRANSCONTAINER TCL PHILIPPINES, INC. 344.34 11/12/15 P-69-kd TRANSCONTAINER TCL PHILIPPINES, INC. 302.30 11/12/15 P-69-ke WIDE WIDE WORLD EXPRESS CORPORATION 1,171.56 11/12/15 P-69-kf WIDE WIDE WORLD EXPRESS CORPORATION 3,785.04 11/13/15 P-69-kn INNOVE COMMUNICATIONS, INC. 6,841.68 11/13/15 P-69-ko INNOVE COMMUNICATIONS, INC. 222.53 11/13/15 P-69-kp INNOVE COMMUNICATIONS, INC. 4,339.20 11/13/15 P-69-kq INNOVE COMMUNICATIONS, INC. 3,059.76 11/20/15 P-69-li CHARTER PING AN INSURANCE CORPORATION 1,559.65 11/20/15 P-69-lj CONTAINER JOCKEY TRANSPORTER TRUCKING COMPANY 72,321.43 11/20/15 P-69-lq GOTRAVEL PHILIPPINES, INC. 42.86 11/20/15 P-69-lr HIGH POWER ENGINEERING SERVICES 1,350.00 11/25/15 P-69-mi GLOBE TELECOM, INC. 835.61 11/25/15 P-69-mj GLOBE TELECOM, INC. 192.75 11/25/15 P-69-mk GLOBE TELECOM, INC. 53.46 11/25/15 P-69-mn INNOVE COMMUNICATIONS, INC. 3,667.92 11/26/15 P-69-mw CHARTER PING AN INSURANCE CORPORATION 720.47 11/26/15 P-69-no U BIX CORPORATION 2,280.00 12/3/15 P-69-og 2GO EXPRESS, INC. 9.60 12/3/15 P-69-ok CARPIO BELLO LAW OFFICES 1,607.14 12/4/15 P-69-ot DHL EXPRESS PHILIPPINES CORP. 37.80 12/10/15 P-69-ps ENGAUGEMENT, INC. 5,059.52 12/10/15 P-69-pt ENGAUGEMENT, INC. 10,000.00 12/10/15 P-69-pv GOTRAVEL PHILIPPINES, INC. 235.71 12/10/15 P-69-pw GOTRAVEL PHILIPPINES, INC. 85.71 12/15/15 P-69-qh GLOBE TELECOM, INC. 385.50 12/18/15 P-69-qy GLOBE TELECOM, INC. 385.50 12/21/15 P-69-rc PRIMAVERA, NANETH (PRIMAVERA ENTERPRISES) 3,107.14 12/21/15 P-69-rd PRIMAVERA, NANETH (PRIMAVERA ENTERPRISES) 6,589.29 12/22/15 P-69-rf INNOVE COMMUNICATIONS, INC. 3,667.92 12/28/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 432.00 12/28/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 12/28/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 564.00 12/28/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 189.10 12/28/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.00 12/28/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 12/28/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.00 12/28/15 P-69-ri AIRTROPOLIS CONSOLIDATOR PHILS., INC. 417.42 12/28/15 P-69-rj ASIAN ENGINE REBUILDERS, INC. 512.40 12/28/15 P-69-rk GOTRAVEL PHILIPPINES, INC. 21.43 12/28/15 P-69-rl GOTRAVEL PHILIPPINES, INC. 85.72 12/29/15 P-69-rr GLOBE TELECOM, INC. 276.17 1/14/16 P-69-sh ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) P1,553.57 1/28/16 P-69-tq SEE LEE ALFONSO (KIMSAN TRADING) 952.07 1/29/16 P-69-tu YU NELSON L. (NEY SHELL STATION) 214.28 2/18/16 P-69-vr LEGARDA HARDWARE, INC. 112.50 2/19/16 P-69-vx DYNZTER BUSINESS CENTER, INC. 827.68 2/22/16 P-69-wb CD R KING GEN. MERCHANDISE 13.93 1/7/16 P-69-zi GOTRAVEL PHILIPPINES, INC. 64.29 1/7/16 P-69-zj GOTRAVEL PHILIPPINES, INC. 85.72 1/7/16 P-69-zk GOTRAVEL PHILIPPINES, INC. 214.29 1/7/16 P-69-zl INNOVE COMMUNICATIONS, INC. 3,102.66 1/7/16 P-69-zn INNOVE COMMUNICATIONS, INC. 6,841.68 1/7/16 P-69-zo INNOVE COMMUNICATIONS, INC. 225.65 1/8/16 P-69-zu PHILIPPINE PORTS AUTHORITY 667.21 1/11/16 P-69-aab PHILIPPINE PORTS AUTHORITY 810.19 1/14/16 P-69-aak ENGAUGEMENT, INC. 10,000.00 1/15/16 P-69-aau GLOBE TELECOM, INC. 193.82 1/15/16 P-69-aav GLOBE TELECOM, INC. 64.18 1/15/16 P-69-aax GLOBE TELECOM, INC. 192.75 1/20/16 P-69-abi GLOBE TELECOM, INC. 192.75 1/20/16 P-69-abj GLOBE TELECOM, INC. 674.31 1/20/16 P-69-abk INNOVE COMMUNICATIONS, INC. 3,667.92 1/21/16 P-69-abq BSM HEAVY EQUIPMENT TECHNICAL SERVICES, INC. 2,400.00 1/21/16 P-69-abt GOTRAVEL PHILIPPINES, INC. 21.43 1/25/16 P-69-aca INNOVE COMMUNICATIONS, INC. 3,117.18 1/27/16 P-69-acn INNOVE COMMUNICATIONS, INC. 49,175.66 1/28/16 P-69-acv GOTRAVEL PHILIPPINES, INC. 192.86 1/28/16 P-69-acw GTS TRAVEL AND TOURS TRANSPORT, INC. 1,907.14 1/28/16 P-69-acy MAPLE LEAF MOVERS, INC. 1,285.71 1/28/16 P-69-acz MARILAG BUSINESS AND INDUSTRIAL SERVICES, INC. 6,280.62 1/28/16 P-69-ada MOL LOGISTICS PHILIPPINES, INC. 3,362.24 2/2/16 P-69-adr GLOBE TELECOM, INC. 192.75 2/2/16 P-69-ads GLOBE TELECOM, INC. 53.46 2/4/16 P-69-aef GOTRAVEL PHILIPPINES, INC. 128.58 2/5/16 P-69-aet WIDE WIDE WORLD EXPRESS CORPORATION 507.91 2/11/16 P-69-afo ENGAUGEMENT, INC. 10,000.00 2/11/16 P-69-afs GOTRAVEL PHILIPPINES, INC. 342.86 2/11/16 P-69-aft GOTRAVEL PHILIPPINES, INC. 128.58 2/16/16 P-69-agh GLOBE TELECOM, INC. 64.18 2/16/16 P-69-agi GLOBE TELECOM, INC. 209.34 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.00 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 564.00 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 746.67 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,810.43 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 240.00 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 69.99 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 751.74 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 4,149.45 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 803.63 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,867.43 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 780.08 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 4,825.26 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 108.00 2/18/16 P-69-ago AIRTROPOLIS CONSOLIDATOR PHILS., INC. 802.82 2/18/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,615.87 2/18/16 P-69-agw GLOBE TELECOM, INC. 192.75 2/18/16 P-69-agx GLOBE TELECOM, INC. 192.75 2/18/16 P-69-agy GLOBE TELECOM, INC. 321.43 2/18/16 P-69-agz GLOBE TELECOM, INC. 321.43 2/18/16 P-69-aha GLOBE TELECOM, INC. 208.81 2/24/16 P-69-ahx GLOBE TELECOM, INC. 331.46 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 792.94 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 870.02 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 3,188.79 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 350.46 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 432.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 98.15 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 643.26 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 829.08 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 564.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 240.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,293.33 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 8,132.06 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.00 2/26/16 P-69-aih AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,235.22 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,898.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 742.02 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 984.18 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,272.57 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 3,870.30 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 779.39 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,742.57 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 741.96 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 3,431.43 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 240.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 2/26/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 677.32 2/29/16 P-69-air INNOVE COMMUNICATIONS, INC. 4,339.20 2/29/16 P-69-ais INNOVE COMMUNICATIONS, INC. 6,841.68 2/29/16 P-69-ait INNOVE COMMUNICATIONS, INC. 3,135.66 2/29/16 P-69-aiu INNOVE COMMUNICATIONS, INC. 6,536.28 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.00 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,055.85 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 7,703.46 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 802.17 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 5,766.65 3/3/16 P-69-aiz AIRTROPOLIS CONSOLIDATOR PHILS., INC. 844.48 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,201.18 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 432.00 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,152.78 3/3/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,898.00 3/3/16 P-69-ajf GOTRAVEL PHILIPPINES, INC. 42.86 3/3/16 P-69-ajg GOTRAVEL PHILIPPINES, INC. 85.72 3/3/16 P-69-ajh GOTRAVEL PHILIPPINES, INC. 107.14 3/3/16 P-69-aji GOTRAVEL PHILIPPINES, INC. 85.71 3/4/16 P-69-ajy GLOBE TELECOM, INC. 64.18 3/10/16 P-89-akw GLOBE TELECOM, INC. 337.48 3/10/16 P-69-akx GLOBE TELECOM, INC. 235.02 3/10/16 P-69-aky GOTRAVEL PHILIPPINES, INC. 85.71 3/10/16 P-69-akz GOTRAVEL PHILIPPINES, INC. 21.43 3/17/16 P-69-amj CONTAINER JOCKEY TRANSPORTER TRUCKING COMPANY 68,571.43 3/18/16 P-69-amz GLOBE TELECOM, INC. 192.86 3/18/16 P-69-ana GLOBE TELECOM, INC. 321.43 3/18/16 P-69-anb GLOBE TELECOM, INC. 195.43 3/18/16 P-69-anc GLOBE TELECOM, INC. 192.75 3/18/16 P-69-and GLOBE TELECOM, INC. 208.27 3/18/16 P-69-ane GLOBE TELECOM, INC. 208.27 3/23/16 P-69-ant GOTRAVEL PHILIPPINES, INC. 128.58 3/31/16 P-68-aok GOTRAVEL PHILIPPINES, INC. 85.72 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where either there is no indicated business style or the indicated business style is incorrect or incomplete P175,607.18 P288,002.38 5) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where the business address is incorrect, incomplete, or unreadable 11/10/15 P-69-bu CHAN, GONZALO JR. MAGNO (PAWA ENTERPRISES) P1,746.43 11/17/15 P-69-cr ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 198.21 11/20/15 P-69-cu ECLIPSE SOUND INNOVATION 128.60 11/24/15 P-69-da ART IN BLOOM HOUSE OF DECOR COMPANY L 610.71 11/27/15 P-69-di CHAN, GONZALO JR. MAGNO (PAWA ENTERPRISES) 1,907.14 10/15/15 P-69-fb GOTRAVEL PHILIPPINES, INC. 42.86 10/15/15 P-69-fg PGA SOMPO INSURANCE CORPORATION 53.64 10/15/15 P-69-fh WIDE WIDE WORLD EXPRESS CORPORATION 35,334.96 10/22/15 P-69-fs 2GO EXPRESS, INC. 985.40 10/24/15 P-69-gk PGA SOMPO INSURANCE CORPORATION 10,548.59 10/28/15 P-69-gr BAY S INN 192.86 10/29/15 P-69-hc FEDERAL EXPRESS PACIFIC, INC. 9.60 10/29/15 P-69-hf GOTRAVEL PHILIPPINES, INC. 107.15 10/29/15 P-69-hg GOTRAVEL PHILIPPINES, INC. 64.29 10/29/15 P-69-hh GOTRAVEL PHILIPPINES, INC. 85.72 11/5/15 P-69-ip FIVESTAR CARGO SERVICES, INC. 20,066.74 11/6/45 P-69-iz GLOBE TELECOM, INC. 17.23 11/20/15 P-69-im FIVESTAR CARGO SERVICES, INC. 8,121.53 11/20/15 P-69-ls LIFTING AND HEAVY EQUIPMENT SAFETY SPECIALIST 2,142.86 11/26/15 P-69-mq AIRTROPOLIS CONSOLIDATOR PHILS., INC. 300.60 11/26/15 P-69-mv CACQUINO, MARIE JERZEN D. (CANDOUR TRANSPORT SERVICES) 27,642.86 11/26/15 P-69-my FEDERAL EXPRESS PACIFIC, INC. 306.75 11/26/15 P-69-mz GOTRAVEL PHILIPPINES, INC. 107.14 11/26/15 P-69-nc MATATAG CARGO LOGISTICS CORP. 17,526.25 11/26/15 P-69-nd MATATAG CARGO LOGISTICS CORP. 62,750.76 11/26/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 2,388.30 11/26/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 1,479.76 11/26/15 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 3,303.13 11/26/15 P-69-nl SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 2,671.39 11/27/15 P-69-nt STARWOOD HOTEL 364.28 11/27/15 P-69-nv TOYOTA DAVAO CITY, INC. 4,851.74 12/1/15 P-69-nw DDD HABITAT, INC. 257.14 12/3/15 P-69-oo MARILAG BUSINESS AND INDUSTRIAL SERVICES, INC. 8,742.70 12/3/15 P-69-op SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 1,211.54 12/9/15 P-69-ph BAUAN INTERNATIONAL PORT, INC. 5,061.13 12/9/15 P-69-pq WIDE WIDE WORLD EXPRESS CORPORATION 1,669.45 12/15/15 P-69-qi PEOPLES AIR CARGO AND WAREHOUSING CO., INC. 649.88 12/16/15 P-69-qk PEOPLES AIR CARGO AND WAREHOUSING CO., INC. 430.06 12/17/15 P-69-qu PEOPLES AIR CARGO AND WAREHOUSING CO., INC. 1,153.28 1/14/16 P-69-si SANTIAGO, MA. CORAZON D. (CORS ENTERPRISES) P2,346.43 1/19/16 P-69-sr DY, DICKY C. (NEW MILLENNIUM TRADING) 327.54 1/21/16 P-69-ta GAUDIA, OLIVIA V. (DINLYS INDUSTRIAL SALES) 48.21 1/25/16 P-69-tf DY, DICKY C. (NEW MILLENNIUM TRADING) 1,111.29 1/26/16 P-69-ti DY, DICKY C. (NEW MILLENNIUM TRADING) 767.14 1/26/16 P-69-tj MESINA, SUSAN F. (SKM INDUSTRIAL SALES) 675.00 1/27/16 P-69-tl DY, DICKY C. (NEW MILLENNIUM TRADING) 1,015.80 2/7/16 P-69-uk RT TAN ENTERPRISES 93.75 2/10/16 P-69-uo CHONA S. JOSE (PINTURAMA PAINT DEPOT) 62.14 2/11/16 P-69-us ADVANCE MICROSYSTEMS CORPORATION 3,535.71 2/16/16 P-69-vj DY, DICKY C. (NEW MILLENNIUM TRADING) 47.73 2/17/16 P-69-vn ITS SCIENCE PHILS., INC. 4,934.41 2/17/16 P-69-vq WORLD BEST INDUSTRIAL SALES, INC. 4,891.66 2/23/16 P-69-we DELOS REYES, ANTHONY B. (ADR GENSET TRADING) 5,357.14 2/24/16 P-69-wh ONG, JESTER JUDE A (LADRIANO ENTERPRISES) 289.29 2/27/16 P-69-wn KEN TOOL HARDWARE CORPORATION 225.00 3/2/16 P-69-wu CALOOCAN STANDARD, INC. 12,632.14 3/3/16 P-69-wx JT OIL PHILS., INC. 857.14 3/4/16 P-69-wz ADVANCE MICROSYSTEMS CORPORATION 3,535.71 3/4/16 P-69-xc DY, DICKY C. (NEW MILLENNIUM TRADING) 184.11 3/9/16 P-69-xj ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 11,250.00 3/9/16 P-69-xk ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 321.43 3/14/16 P-69-xv TDS AIRCONDITIONING INDUSTRIES, INC. 1,523.04 3/15/16 P-69-xy FLEETSERV, INC. 1,522.96 3/15/16 P-69-xz FLEETSERV, INC. 2,484.23 3/16/16 P-69-yc DY, DICKY C. (NEW MILLENNIUM TRADING) 241.07 3/16/16 P-69-ye KESCO INDUSTRIAL SALES CORP. 246.43 3/17/16 P-69-yl ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 3,535.71 1/6/16 P-69-yr BAUAN INTERNATIONAL PORT, INC. 31,379.20 1/14/16 P-69-aan PGA SOMPO INSURANCE CORPORATION 37,304.72 1/14/16 P-69-aao PGA SOMPO INSURANCE CORPORATION 226.61 1/14/16 P-69-aas WIDE WIDE WORLD EXPRESS CORPORATION 37,486.80 1/28/16 P-69-acp BAY S INN 139.29 2/3/16 P-69-adx CONDA, VICTORIA D. (VILLA VICTORIA HOTEL VICTORIA CUCCINA AND CATERING) 91.07 2/10/16 P-69-afk RICELAND INN I AND REAL ESTATE LESSOR 233.57 2/11/16 P-69-afy PGA SOMPO INSURANCE CORPORATION 15,096.26 2/11/16 P-69-afz PGA SOMPO INSURANCE CORPORATION 305.87 2/11/16 P-69-aga PGA SOMPO INSURANCE CORPORATION 10,171.96 2/11/16 P-69-agc RAMIREZ, ROILAN F. (RLR TRAVELER S HOTEL) 131.25 2/18/16 P-69-ahh WHITEKNIGHT SECURITY AGENCY CORPORATION 4,987.12 2/24/16 P-69-ahz PGA SOMPO INSURANCE CORPORATION 8,222.07 2/24/16 P-69-aia PGA SOMPO INSURANCE CORPORATION 7,079.66 2/26/16 MOL LOGISTICS PHILIPPINES, INC. 202.96 2/26/16 MOL LOGISTICS PHILIPPINES, INC. 430.47 2/26/16 MOL LOGISTICS PHILIPPINES, INC. 199.33 2/26/16 MOL LOGISTICS PHILIPPINES, INC. 144.61 2/26/16 P-69-ail MOL LOGISTICS PHILIPPINES, INC. 149.76 3/3/16 P-69-ajm PGA SOMPO INSURANCE CORPORATION 95.00 3/3/16 P-69-ajv UNIVERSAL CITY SAFETY RESOURCES CORP. 1,067.14 3/17/16 P-69-amm ENGAUGEMENT, INC. 10,000.00 3/17/16 MOL LOGISTICS PHILIPPINES, INC. 438.51 3/17/16 MOL LOGISTICS PHILIPPINES, INC. 208.74 3/17/16 MOL LOGISTICS PHILIPPINES, INC. 205.53 3/17/16 MOL LOGISTICS PHILIPPINES, INC. 126.06 3/17/16 MOL LOGISTICS PHILIPPINES, INC. 242.37 3/17/16 P-69-amr MOL LOGISTICS PHILIPPINES, INC. 283.85 317/16 P-69-amx WHITEKNIGHT SECURITY AGENCY CORPORATION 4,390.83 3/21/16 P-69-ank BAYAN TELECOMMUNICATIONS, INC. 1,392.72 3/23/16 P-69-anp CHARTER PING AN INSURANCE CORPORATION 3,868.80 3/23/16 P-69-anq CHARTER PING AN INSURANCE CORPORATION 94.25 3/29/16 P-69-aof MANILA GOLF AND COUNTRY CLUB, INC. 2,034.64 3/31/16 P-69-aoi CHARTER PING AN INSURANCE CORPORATION 615.88 3/31/16 P-69-aoo PGA SOMPO INSURANCE CORPORATION 6,365.54 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where the business address is incorrect, incomplete, or unreadable P225,232.66 P249,474.65 6) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where ATP details are not indicated and/or unreadable 2/11/16 P-69-ut AEROPHONE ENTERPRISES AND CO. P107.14 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where ATP details are not indicated - P107.14 7) Input VAT on domestic purchase of goods/services with no valid VAT Invoice/OR 11/27/15 P-69-nu STARWOOD HOTEL P128.57 3/10/16 P-69-alo PRIMAVERA, NANETH (PRIMAVERA ENTERPRISES) P12,214.29 Total Input VAT on domestic purchase of goods/services with no supporting documents P128.57 P12,214.29 8) Input VAT on domestic purchase of goods/services supported by a document with "NOT VALID FOR CLAIMING INPUT TAXES" remark 10/26/15 P-69-ao DONALYN L. BUSTAMANTE (JASDEL AUTO SUPPLY) P148.93 Total Input VAT on domestic purchase of goods/services supported by a document with "NOT VALID FOR CLAIMING INPUT TAXES" remark P148.93 - 9) Input VAT on domestic purchase of service supported by VAT Invoice 11/11/15 P-69-ca UNICORN SAFETY GLASS P375.00 Total Input VAT on domestic purchase of service supported by VAT Invoice P375.00 - 10) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where name of supplier is not indicated 3/17/16 P-69-amu PGA SOMPO INSURANCE CORPORATION P17,924.38 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where name of supplier is not indicated - P17,924.38 11) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where amount of VATable sale is not presented 11/11/15 P-69-bz ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) P535.71 11/16/15 P-69-cm ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 4,821.43 12/7/15 P-69-dv ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 5,675.57 10/5/15 P-69-ea WIDE WIDE WORLD EXPRESS CORPORATION 477.60 10/5/15 P-69-eb WIDE WIDE WORLD EXPRESS CORPORATION 1,669.15 10/8/15 P-69-ek PHILIPPINE PORTS AUTHORITY 211.10 10/8/15 P-69-el PHILIPPINE PORTS AUTHORITY 238.98 10/15/15 P-69-fc ISABELA ZEN HOTEL AND RESTAURANT CORP. 385.71 10/15/15 P-69-fe MINVETS SECURITY, INC. 472.90 10/16/15 P-69-fk LA ELLIANA HOTEL AND RESTAURANT, INC. 257.14 10/22/15 P-69-fz MARILAG BUSINESS AND INDUSTRIAL SERVICES, INC. 8,636.93 10/22/15 P-69-gb MINVETS SECURITY, INC. 472.90 10/22/15 P-69-gc PHILIPPINE PORTS AUTHORITY 259.48 10/28/15 P-69-gw PHILIPPINE PORTS AUTHORITY 131.95 10/28/15 P-69-gx PHILIPPINE PORTS AUTHORITY 223.58 10/29/15 P-69-hd FIVESTAR CARGO SERVICES, INC. 25,051.60 11/4/15 P-69-ih PHILIPPINE PORTS AUTHORITY 62.32 11/6/15 P-69-jc MINVETS SECURITY, INC. 346.56 11/6/15 P-69-jd PHILIPPINE PORTS AUTHORITY 1,162.12 11/6/15 P-69-je PHILIPPINE PORTS AUTHORITY 216.29 11/6/15 P-69-jf PHILIPPINE PORTS AUTHORITY 872.51 11/10/15 P-69-jq THE MARGARETTE BUSINESS HOTEL (ERLINDA D. CURAN) 316.07 11/12/15 P-69-jr BAY S INN 192.86 11/12/15 P-69-jz MARILAG BUSINESS AND INDUSTRIAL SERVICES, INC. 8,315.44 11/16/15 P-69-kx MINVETS SECURITY, INC. 472.90 11/20/15 P-69-ln FIVESTAR CARGO SERVICES, INC. 16,298.30 11/25/15 P-69-mf GLOBE TELECOM, INC. 192.75 11/25/15 P-69-mg GLOBE TELECOM, INC. 192.75 11/25/15 P-69-mh GLOBE TELECOM, INC. 321.43 11/26/15 P-69-nf MINVETS SECURITY, INC. 472.90 11/26/15 P-69-np UNIVERSAL CITY SAFETY RESOURCES CORP. 1,067.14 12/1/15 P-69-nz THE MARGARETTE BUSINESS HOTEL (ERLINDA D. CURAN) 316.07 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.00 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 884.48 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 4,593.23 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 680.59 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,534.35 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 636.78 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 12/3/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,376.65 12/3/15 P-69-oh AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,898.00 12/3/15 P-69-oi CARGOHAUS, INC. 910.06 12/3/15 P-69-oq WIDE WIDE WORLD EXPRESS CORPORATION 2,977.27 12/4/15 P-69-ov MAAYO SHIPPING, INCORPORATED 8.00 12/4/15 P-69-ow PHILIPPINE PORTS AUTHORITY 302.01 12/4/15 P-69-ox PHILIPPINE PORTS AUTHORITY 145.15 12/4/15 P-69-oy PHILIPPINE PORTS AUTHORITY 65.24 12/7/15 P-69-oz LA ELLIANA HOTEL AND RESTAURANT, INC. 160.71 12/7/15 P-69-pd TOYOTA DAVAO CITY, INC. 2,005.44 12/9/15 P-69-pn PHILIPPINE PORTS AUTHORITY 649.19 12/9/15 P-69-po PHILIPPINE PORTS AUTHORITY 194.98 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 564.00 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 742.89 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,796.24 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 713.67 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 373.47 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 678.64 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 862.64 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 788.75 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 566.44 12/10/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,616.44 12/10/15 P-69-pr AIRTROPOLIS CONSOLIDATOR PHILS., INC. 637.97 12/17/15 P-69-qp CONTAINER JOCKEY TRANSPORTER TRUCKING COMPANY 22,725.92 12/17/15 P-69-qq FIVESTAR CARGO SERVICES, INC. 23,566.06 12/17/15 P-69-qs MARILAG BUSINESS AND INDUSTRIAL SERVICES, INC. 7,891.01 12/18/15 P-69-qz MINVETS SECURITY, INC. 346.56 12/22/15 P-69-re GLOBE TELECOM, INC. 194.89 3/17/16 P-69-yi EEB AIRE MARKETING P1,017.86 1/6/16 P-69-yw PHILIPPINE PORTS AUTHORITY 265.37 1/6/16 P-69-yx PHILIPPINE PORTS AUTHORITY 1,052.14 1/6/16 P-69-yy PHILIPPINE PORTS AUTHORITY 263.89 1/6/16 P-69-yz PHILIPPINE PORTS AUTHORITY 227.96 1/6/16 P-69-zc PHILIPPINE PORTS AUTHORITY 195.73 1/8/16 P-69-zs PHILIPPINE PORTS AUTHORITY 381.26 1/8/16 P-69-zt PHILIPPINE PORTS AUTHORITY 667.21 1/8/16 P-69-zv PHILIPPINE PORTS AUTHORITY 179.63 1/8/16 P-69-zw PHILIPPINE PORTS AUTHORITY 3.67 1/8/16 P-69-zx PHILIPPINE PORTS AUTHORITY 487.58 1/12/16 P-69-aag PHILIPPINE PORTS AUTHORITY 417.14 1/12/16 P-69-aah PHILIPPINE PORTS AUTHORITY 276.34 1/14/16 P-69-aam ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 160.71 1/18/16 P-69-abg PHILIPPINE PORTS AUTHORITY 171.52 1/28/16 P-69-acu FIVESTAR CARGO SERVICES, INC. 20,280.78 2/1/16 P-69-adn MINVETS SECURITY, INC. 346.56 2/4/16 P-69-aek ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 535.71 2/4/16 P-69-aen WIDE WIDE WORLD EXPRESS CORPORATION 2,587.10 2/10/16 P-69-afj PIONEER DETECTIVE CREDIT SECURITY AGENCY, INC. 245.00 2/11/16 P-69-afr FIVESTAR CARGO SERVICES, INC. 7,054.49 2/11/16 P-69-agb PRIMAVERA, NANETH (PRIMAVERA ENTERPRISES) 10,607.14 2/18/16 P-69-agt FIVESTAR CARGO SERVICES, INC. 1,583.99 2/18/16 P-69-agu FIVESTAR CARGO SERVICES, INC. 7,054.49 2/26/16 P-69-aik MINVETS SECURITY, INC. 346.56 3/1/16 P-69-aiy TOYOTA DAVAO CITY, INC. 2,472.63 3/3/16 P-69-ajl ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 535.71 3/7/16 P-69-akh PRIMAVERA, NANETH (PRIMAVERA ENTERPRISES) 3,750.00 3/10/16 P-69-alg LBC EXPRESS, INC. 995.98 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 396.00 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,071.48 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 7,158.00 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 2,240.40 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 186.97 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 6.43 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 564.00 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 259.88 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 432.00 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 289.83 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 766.00 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,551.79 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 678.94 3/17/16 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 445.32 3/17/16 P-69-amg AIRTROPOLIS CONSOLIDATOR PHILS., INC. 680.33 3/17/16 P-69-amk CONTAINER JOCKEY TRANSPORTER TRUCKING COMPANY 15,000.00 3/18/16 P-69-anf MINVETS SECURITY, INC. 346.56 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where amount of VATable sale is not presented P166,243.86 P96,298.08 12) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where amount of VATable sale incorrectly presented as VAT-exempt/zero-rated sale 10/17/15 P-69-fm LBC EXPRESS, INC. P134.46 11/26/15 P-69-nj RIO TUBA NICKEL MINING CORP. 2,163.60 1/26/16 P-69-acd 2GO EXPRESS, INC. P32.14 1/29/16 P-69-adg DAVAO PRIMA ELENA HOTEL (HOTEL ELENA) 290.57 2/9/16 P-69-afa LAGUNA INTERNATIONAL INDUSTRIAL PARK ASSO., INC. 26.79 2/9/16 P-69-afb MAAYO SHIPPING, INCORPORATED 129.00 2/9/16 P-69-afc MANILA TOLL EXPRESSWAY SYSTEMS, INC. 267.86 2/11/16 P-69-afv MAE WESS COMPANY, INCORPORATED 21.43 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where amount of VATable sale incorrectly presented as VAT-exempt/zero-rated sale P2,298.06 P767.79 13) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where alterations were made without authorized countersignature 10/6/15 P-69-ef NIKKIE POLLUTION TEST CO. 32.14 10/7/15 P-69-ei RICELAND INN I AND REAL ESTATE LESSOR 467.14 10/15/15 P-69-ez EVERGREEN TAVERN DEVELOPMENT & MANAGEMENT CORPORATION 471.43 10/21/15 P-69-fr MINVETS SECURITY, INC. 346.56 10/22/15 P-69-ge ROBBINSDALE DEVELOPMENT CORPORATION 482.14 10/29/15 P-69-hk PHILTRANCO SERVICE ENTERPRISES, INC. 158.68 10/29/15 P-69-hl PHILTRANCO SERVICE ENTERPRISES, INC. 49.30 11/2/15 P-69-hw MINVETS SECURITY, INC. 346.56 11/5/15 P-69-im ARCHIPELAGO PHILIPPINE FERRIES CORPORA 197.79 11/5/15 P-69-iv LBC EXPRESS, INC. 1,586.25 11/7/15 P-69-jj MANILA TOLL EXPRESSWAY SYSTEMS, INC. 267.86 11/12/15 P-69-jy MANILA TOLL EXPRESSWAY SYSTEMS, INC. 267.86 11/20/15 P-69-lk DHL EXPRESS PHILIPPINES CORP. 37.80 11/26/15 P-69-nq YUIPCO SECURITY AND WATCHMAN AGENCY, INC. 325.28 12/1/15 P-69-od WTEI REALTY AND DEVELOPMENT CORPORATION 2,400.00 12/2/15 P-69-of MANILA TOLL EXPRESSWAY SYSTEMS, INC. 267.86 12/7/15 P-69-pb MONTENEGRO SHIPPING LINES, INC. 306.64 12/9/15 P-69-pi DHEAVYLINE PROPERTY DEVELOPMENT CONSTRUCTION 535.71 12/10/15 P-69-px KARILAGAN INT'L TRAVEL TOURS CORP. 36.00 12/10/15 P-69-pz ROBBINSDALE DEVELOPMENT CORPORATION 803.57 12/17/15 P-69-qt MARILAG BUSINESS AND INDUSTRIAL SERVICES, INC. 8,256.26 1/19/16 P-69-st ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) P803.57 2/11/16 P-69-uv ONG, JESTER JUDE A. (LADRIANO ENTERPRISES) 1,071.42 1/7/16 P-69-zm INNOVE COMMUNICATIONS, INC. 4,339.20 1/8/16 P-69-zr MANILA TOLL EXPRESSWAY SYSTEMS, INC. 535.71 1/12/16 P-69-aaf MANILA TOLL EXPRESSWAY SYSTEMS, INC. 267.86 1/12/16 P-69-aai PRIMAVERA, NANETH (PRIMAVERA ENTERPRISES) 26,057.14 1/15/16 P-69-aba LBC EXPRESS, INC. 182.69 1/29/16 P-69-adi DAVAO PRIMA ELENA HOTEL (HOTEL ELENA) 321.17 2/11/16 P-69-afq FIVESTAR CARGO SERVICES, INC. 7,489.32 2/20/16 P-69-ahm MANILA TOLL EXPRESSWAY SYSTEMS, INC. 267.86 2/24/16 P-69-ahu 2GO EXPRESS, INC. 45.25 2/24/16 P-69-ahy MANILA TOLL EXPRESSWAY SYSTEMS, INC. 535.71 3/1/16 P-69-aiw QUEEN MARGARETTE HOTEL, INC. 337.50 3/3/16 P-69-ajb CLYBROS MERCHANDISING, INC. (PARKWAY) 305.36 3/4/16 P-69-aka MANILA TOLL EXPRESSWAY SYSTEMS, INC. 535.71 3/10/16 P-69-ale LBC EXPRESS, INC. 1,507.39 3/17/16 P-69-amf 2GO EXPRESS, INC. 26.25 Total - Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where alterations were made without authorized countersignature P17,642.83 P44,629.11 14) Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where it cannot be ascertained whether amount paid includes VAT amount since Expended Withholding Tax (EWT) amount is not indicated 10/15/15 P-69-ff MOREDONE VENTURES, INC. P412.50 10/22/15 P-69-fu AM CLEOFE PRINTS, INC. 2,517.86 10/22/15 P-69-fv AUTO CITY, INC. 296.25 10/22/15 P-69-fw AUTO CITY, INC. 1,150.18 10/22/15 P-69-fx AUTO CITY, INC. 5,838.75 10/22/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 636.00 10/22/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 708.00 10/22/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 420.00 10/22/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 661.87 10/22/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 708.00 10/22/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 420.00 10/22/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 564.00 10/22/15 SEA WORTH INTERNATIONAL FREIGHT, INC. 708.00 10/22/15 P-69-gg SEA WORTH INTERNATIONAL FREIGHT, INC. 420.00 10/23/15 P-69-gi BIWATER PHILIPPINES, INC. 1,980.00 10/29/15 TOYOTA BUTUAN CITY 95.20 10/29/15 P-69-hp TOYOTA BUTUAN CITY 95.20 11/6/15 P-69-jb MENDEZ SYSTEM MAINTENANCE AND MANPOWER SERVICES 1,198.21 11/12/15 P-69-kg WTEI REALTY AND DEVELOPMENT CORPORATION 2,400.00 11/12/15 P-69-kh WTEI REALTY AND DEVELOPMENT CORPORATION 2,400.00 11/12/15 P-69-ki WTEI REALTY AND DEVELOPMENT CORPORATION 2,400.00 11/26/15 P-69-ne MATATAG CARGO LOGISTICS CORP. 2,365.00 11/26/15 P-69-nn U BIX CORPORATION 302.40 12/3/15 P-60-os ZF PHILIPPINES, INC. 10,225.71 12/4/15 P-69-ou FIERA DE MANILA, INC. 1,414.07 2/28/16 P-69-wp SM HYPERMARKET, INC. P239.25 1/21/16 P-69-abv MATATAG CARGO LOGISTICS CORP. 267.86 1/28/16 P-69-acs CLYBROS MERCHANDISING, INC. (PARKWAY) 349.29 2/1/16 P-69-adp RAKDELL INN 160.71 2/9/16 P-69-aez ALLEGIANCE CARGO ADVANTAGE, INC. 1,031.69 2/12/16 P-69-agf MENDEZ SYSTEM MAINTENANCE AND MANPOWER SERVICES 1,198.21 2/18/16 P-69-agp ASIA GLASS PALACE, INCORPORATED 6,000.00 2/18/16 P-69-ahd PAMBID, RAE M. (SHINRA SOFTWARE SOLUTIONS) 660.00 2/26/16 P-69-aij MENDEZ SYSTEM MAINTENANCE AND MANPOWER SERVICES 1,198.21 3/3/16 P-69-ajc CONTAINER JOCKEY TRANSPORTER TRUCKING COMPANY 24,321.43 3/4/16 P-69-akc WIDE WIDE WORLD EXPRESS CORPORATION 938.34 3/4/16 P-69-akd WIDE WIDE WORLD EXPRESS CORPORATION 992.33 3/31/16 P-69-aol JITS CORPORATION 492.00 3/31/16 P-69-aop PRIMAVERA, NANETH (PRIMAVERA ENTERPRISES) 4,285.71 3/31/16 P-69-aou TDS INDUSTRIAL CORPORATION 182.14 Total Input VAT on domestic purchase of goods/services supported by VAT Invoice/OR where it cannot be ascertained whether amount paid includes VAT amount since EWT amount is not indicated P40,337.20 P42,317.17 15) Input VAT on capital goods exceeding P1 Million amortized for the period without any supporting documents N/A N/A N/A 195,215.60 195,215.32 Total Input VAT on capital goods exceeding P1 Million amortized for the period without any supporting documents P195,215.60 P195,215.32 Total Input VAT by the Court upon verification for not being properly substantiated P976,149.68 P1,170,586.81 In addition, the Court finds that the following amounts of input VAT claimed by petitioner were higher than the amounts reflected in the VAT Invoices/Official Receipts, thus, the difference of P10,211.16 should likewise be disallowed: IAETDc Date Exhibit No. Supplier Input VAT per Schedule Input VAT per Invoice/OR Excess Input VAT Claimed 3rd Quarter 10/29/15 P-69-hr U FREIGHT PHILIPPINES, INC. P168.00 P164.64 P3.36 11/2/15 P-69-hz U FREIGHT PHILIPPINES, INC. 168.00 164.64 3.36 11/5/15 P-69-in BUTUAN BRAKE CENTER TRADING 126.43 125.29 1.14 11/6/15 P-69-jg U FREIGHT PHILIPPINES, INC. 168.00 164.64 3.36 11/23/15 P-69-lx MANILA NORTH TOLLWAYS CORP. 40.07 6.00 34.07 11/23/15 P-69-ly MANILA NORTH TOLLWAYS CORP. 90.92 8.00 82.92 11/24/15 P-69-md RIO TUBA NICKEL MINING CORP. 2,259.60 2,219.25 40.35 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 956.04 10,966.12 498.68 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 6,198.00 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 641.47 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 60.00 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 240.00 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 38.93 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 674.25 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 1,625.04 12/17/15 AIRTROPOLIS CONSOLIDATOR PHILS., INC. 639.93 12/17/15 P-69-qm AIRTROPOLIS CONSOLIDATOR PHILS., INC. 391.14 Subtotal 3rd Quarter P14,485.82 P13,818.58 P667.24 4th Quarter 1/15/16 P-69-aat (GRETCHEN GWEN G. SARSABA) FLOR AL MANSION P36.10 P36.00 P0.10 2/4/16 P-69-ael U FREIGHT PHILIPPINES, INC. 2,235.84 2,195.91 39.93 2/22/16 P-69-ahq TOYOTA DAVAO CITY, INC. 345.39 339.23 6.16 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 96.68 12,010.42 9,348.34 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 1,342.80 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 483.00 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 101.01 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 1,647.06 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 5,990.40 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 4,875.82 2/24/16 P-69-aib SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 4,845.82 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 920.17 2/24/16 SYNERGY GLOBAL LOGISTICS SOLUTION, INC. 1,056.00 3/3/16 P-69-ajq PRIMAVERA, NANETH (PRIMAVERA ENTERPRISES) 2,785.71 2,735.97 49.74 3/3/16 SEA WORTH INTERNATIONAL FREIGHT, INC. 660.00 1,522.07 73.93 3/3/16 SEA WORTH INTERNATIONAL FREIGHT, INC. 300.00 3/3/16 P-69-ajs SEA WORTH INTERNATIONAL FREIGHT, INC. 636.00 3/10/16 P-69-alc KARILAGAN INT'L TRAVEL TOURS CORP. 144.00 141.43 2.57 3/14/16 P-69-alx MAAYO SHIPPING, INCORPORATED 85.71 62.57 23.14 Subtotal 4th Quarter P28,587.51 P19,043.60 P9,543.92 Total Excess Input VAT Claimed P10,211.16 Thus, the total disallowances per the Court's painstaking verification of petitioner's input VAT is P2,153,947.65, computed as follows: 3rd Quarter 4th Quarter Total Disallowances for failure to comply with invoicing requirements P976,149.68 P1,170,586.81 P2,146,736.49 Variance in Input VAT Claimed 667.24 9,543.92 10,211.16 Total Disallowances per Court's further verification P976,816.92 P1,180,130.73 P2,156,947.65 In view of the foregoing disallowances, the total valid input VAT of petitioner subject for allocation is P3,070,821.82, as shown below: CTIEac 3rd Quarter 4th Quarter Total Total Common Input Tax for Allocation P31,205,691.64 P38,154,804.48 P69,360,496.12 Less: Disallowances per ICPA Exceptions 29,109,871.90 35,022,854.75 64,132,726.65 Disallowances per Court's further verification 976,816.92 1,180,130.73 2,166,947.65 Total Valid Common Input Tax for Allocation P1,119,002.82 P1,951,819.00 P3,070,821.82 Considering that petitioner is engaged in taxable sales subject to 0% and 12% VAT, and its input VAT cannot be directly or entirely attributed to any of the transactions, the valid common input VAT of P3,070,821.82 shall be proportionately allocated on the basis of the volume of its sales, thus: Total VATable Sales per VAT Return P1,988,004,974.72 Divided by the Total Declared Sales per Quarterly VAT Returns 2,740,186,115.69 Multiplied by the Total Valid Input VAT 3,070,821.82 Input VAT Allocated to Total VATable Sales P2,227,881.17 Total Zero-rated Sales per VAT Return P742,641,360.36 Divided by the Total Declared Sales per Quarterly VAT Returns 2,740,186,115.69 Multiplied by the Total Valid Input VAT 3,070,821.82 Input VAT Allocated to Zero-rated Sales P832,249.78 Petitioner has no excess input VAT available for refund Having determined that petitioner had valid input VAT attributable to its zero-rated sales in the amount of P832,249.78, the Court shall proceed to determine whether the same was not applied against its output VAT liability. After deducting the input VAT attributable to VATable sales in the amount of P2,227,881.17 from its output VAT liability of P238,560,596.97 from the said sales, petitioner still has a net output VAT payable of P236,332,715.80, as computed below: Period Output VAT per Returns 3rd Quarter P116,541,854.22 4th Quarter 122,018,742.75 Total P238,560,596.97 Output VAT Per Returns P238,560,596.97 Input VAT Allocated to VATable Sales 2,227,881.17 Net Output VAT Payable P236,332,715.80 Since petitioner's input VAT attributable to VATable sales is not enough to cover its output VAT liability, the valid input VAT attributable to zero-rated sales shall be utilized against the remaining output VAT liability of P236,332,715.80. The input VAT attributable to zero-rated sales of P832,249.78, however, is lower than the net output VAT payable of P236,332,701.29. Consequently, petitioner still has net output VAT due of P235,500,466.02, computed as follows: Net Output VAT Payable P236,332,715.80 Less: Input VAT Allocated to Zero-rated Sales 832,249.78 Net Output VAT Still Due P235,500,466.02 Petitioner claims that there is enough input VAT credit from previous periods to cover any output tax liability for the 3rd and 4th quarters of FY ending March 31, 2014 and that the amount being claimed for refund was not utilized or applied to the current VAT liability. A careful review of the evidence and the records of the case reveals that petitioner failed to fully substantiate with official receipts, service invoices, or other pertinent documents, its input VAT credit from previous periods albeit its quarterly VAT Return for the 3rd quarter of FY ending March 31, 2014 reflected the amount of P435,817,931.49 as "Input Tax Carried Over from Previous Period." Therefore, the input VAT carry-over of P435,817,931.49 cannot be validly applied against petitioner's output VAT liability pursuant to Section 110 (A) in relation to Section 110 (B) of the NIRC of 1997, as amended. Verily, in claiming excess or unutilized input VAT from zero-rated transactions, it is the excess over the output VAT which should be refunded to the taxpayer or credited against other internal revenue taxes. It is important for the taxpayer to prove that it has enough prior year's excess input VAT credits to cover its output VAT liability for the current taxable year. There being no excess input VAT which may be the subject of a claim for refund or issuance of TCC, petitioner's claim must be denied. DcHSEa Finally, it bears stressing that a claimant has the burden of proof to establish the factual basis of his or her claim for tax credit or refund. 46 Tax refunds are in the nature of tax exemptions. As such, they are regarded as in derogation of sovereign authority and to be construed strictissimi juris against the person or entity claiming the refund. 47 The pieces of evidence presented entitling a taxpayer to an exemption are also strictissimi scrutinized and must be duly proven. 48 Hence, an applicant for a claim of tax refund or tax credit must not only prove entitlement to the claim but also compliance with all the documentary and evidentiary requirements. 49 WHEREFORE , in light of the foregoing, the Petition for Review filed on May 18, 2018 is hereby DENIED for lack of merit. SO ORDERED. (SGD.) ROMAN G. DEL ROSARIO Presiding Justice Catherine T. Manahan, J. , concurs. Footnotes 1. Par. 8, Statement of Facts and Antecedent Proceedings, Petition for Review, CTA Docket, Vol. I, p. 12. 2. Par. 11, Statement of Facts and Antecedent Proceedings, Petition for Review, CTA Docket, Vol. I, p. 13; Exhibit "P-3", CTA Docket, Vol. II, pp. 725-726. 3. Par. 11, Statement of Facts and Antecedent Proceedings, Petition for Review, CTA Docket, Vol. I, pp. 12-13; Exhibit "P-2", Amended Articles of Incorporation of Maxima Machineries, CTA Docket, Vol. II, pp. 713-724. 4. Par. (A) (1), Joint Stipulation of Facts and Issues (JSFI), CTA Docket, p. 591; par. (A) (1), Admitted Fact, Pre-Trial Order, CTA Docket, Vol. II, p. 663. 5. Exhibit "P-19", petitioner filed an Amended Return for the 3rd Quarter of fiscal year ending March 31, 2016, CTA Docket, Vol. II, pp. 749-751. 6. Exhibit "P-21", petitioner filed an Amended Return for the 4th Quarter of fiscal year ending March 31, 2016, CTA Docket, Vol. II, pp. 754-755. 7. Par. 39, Statement of Facts and Antecedent Proceedings, Petition for Review, CTA Docket, Vol. I, p. 19; Admitted in par. 2 of respondent's Answer, CTA Docket, Vol. I, p. 219. 8. CTA Docket, pp. 94-113. 9. Petitioner's Pre-Trial Brief, CTA Docket, Vol. I, pp. 552-568; Respondent's Pre-Trial Brief, CTA Docket, Vol. I, pp. 578-581. 10. Order issued on December 6, 2018; CTA Docket, Vol. I, pp. 583-585. 11. CTA Docket, Vol. I, pp. 591-603. 12. CTA Docket, Vol. II, pp. 662-670. 13. CTA Docket, Vol. II, pp. 692-709. 14. CTA Docket, Vol. II, pp. 798-801. 15. CTA Docket, Vol. II, pp. 810-813. 16. CTA Docket, Vol. II, pp. 872-875. 17. CTA Docket, Vol. II, pp. 885-925. 18. CTA Docket, Vol. II, pp. 876-884. 19. CTA Docket, Vol. II, pp. 927. 20. Par. B, JSFI, CTA Docket, pp. 591-592; Issues, Pre-Trial Order, CTA Docket, Vol. II, p. 663. 21. Exhibit "P-3", CTA Docket, Vol. II, pp. 725-726. 22. G.R. No. 150154, August 9, 2005. 23. Exhibit "P-4", CTA Docket, Vol. I, pp. 313-318. 24. Exhibit "P-5", CTA Docket, Vol. II, p. 733. 25. Section 4 (e) of RA No. 9728, or the "Freeport Area of Bataan (FAB) Act of 2009" provides that the "FAB shall be managed and operated as a separate customs territory ensuring free flow or movement of goods and capital within, into and out of its territory" similar to ECOZONEs. 26. Petition for Review, CTA Docket, Vol. I, p. 15. 27. Sitel Philippines Corporation (Formerly Clientlogic Phils., Inc.) vs. Commissioner of Internal Revenue , G.R. No. 201326, February 8, 2017. 28. Commissioner of Internal Revenue vs. Burmeister and Wain Scandinavian Contractor Mindanao, Inc. , G.R. No. 153205, January 22, 2007; Commissioner of Internal Revenue vs. American Express International, Inc. (Philippine Branch) , G.R. No. 152609, June 29, 2005. 29. Commissioner of Internal Revenue vs. American Express International, Inc. (Philippine Branch), supra . 30. Commissioner of Internal Revenue vs. Burmeister and Wain Scandinavian Contractor Mindanao, Inc., supra . 31. Commissioner of Internal Revenue vs. CITCO International Support Services Limited-Philippine ROHQ , CTA EB No. 2015, November 29, 2019. 32. Exhibit "P-13", CTA Docket, Vol. I, p. 331. 33. Exhibit "P-14", CTA Docket, Vol. I, pp. 332-356. 34. Petition for Review, CTA Docket, Vol. I, p. 15. 35. Exhibits "P-88-a" to "P-88-c" and "P-88-f" to "P-88-j". 36. Exhibits "P-98-a" to "P-98-d". 37. Exhibit "P-17", CTA Docket, Vol. I, p. 401. 38. Exhibit "P-89". 39. Exhibit "P-99-b". 40. Exhibit "P-100-b". 41. Exhibit "P-98-b". 42. Exhibits "P-19" and "P-21", CTA Docket, Vol. II, pp. 749 and 754. 43. Exhibit "P-49", ICPA Report Binder, Part 1 of 4, pp. 9-11. 44. Application for Refund/TCC, Exhibit "P-34", CTA Docket, Vol. I, pp. 52-88. 45. Exhibits "P-58" to "P-68" for current period importation of machineries; Exhibits "P-69" to "P-81" for domestic purchase of goods other than capital goods and domestic purchase of services; Exhibits "P-82" to "P-84" for prior period importation of machineries but sold during the taxable quarter. 46. Citibank N.A. vs. Court of Appeals and Commissioner of Internal Revenue , G.R. No. 107434, October 10, 1997. 47. Commissioner of Internal Revenue vs. S.C. Johnson and Son, Inc., et al. , G.R. No. 127105, June 25, 1999. 48. Kepco Philippines Corporation vs. Commissioner of Internal Revenue , G.R. No. 179961, January 31, 2011. 49. Eastern Telecommunications Philippines, Inc. vs. Commissioner of Internal Revenue , G.R. No. 183531, March 25, 2015.